For 2019, Andrew Flack has Earned Income for RRSP purposes of $96,000. He is not a member of an RPP or a DPSP. While he had no undeducted contributions at the end of 2019, he had unused RRSP deduction room of $6,500. During 2020, he contributes $9,000 to his RRSP and make an RRSP deduction of $8,500. What is the amount of Mr. Flack's Unused RRSP Deduction Room and undeducted RRSP contributions at the end of 2020?

Question

Quizplus · Accepted Answer

The Answer of For 2019, Andrew Flack has Earned Income for RRSP purposes of $96,000. He is not a member of an RPP or a DPSP. While he had no undeducted contributions at the end of 2019, he had unused RRSP deduction room of $6,500. During 2020, he contributes $9,000 to his RRSP and make an RRSP deduction of $8,500. What is the amount of Mr. Flack's Unused RRSP Deduction Room and undeducted RRSP contributions at the end of 2020?

For 2019, Andrew Flack Has Earned Income for RRSP Purposes