During the year ending December 31, 2019, Wilma Collins has employment income before the deduction of any RPP contributions of $40,000, a net rental loss of $16,000, dividends from taxable Canadian corporations with a total grossed up amount of $6,000, and income from royalties of $7,000. The royalties were on a book written by Ms. Collins in her undergraduate years at university. She has no Unused RRSP Deduction Room from previous years. She is not a member of a Registered Pension Plan or a Deferred Profit Sharing Plan during 2019. Her maximum deductible 2020 Registered Retirement Savings Plan contribution is:

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The Answer of During the year ending December 31, 2019, Wilma Collins has employment income before the deduction of any RPP contributions of $40,000, a net rental loss of $16,000, dividends from taxable Canadian corporations with a total grossed up amount of $6,000, and income from royalties of $7,000. The royalties were on a book written by Ms. Collins in her undergraduate years at university. She has no Unused RRSP Deduction Room from previous years. She is not a member of a Registered Pension Plan or a Deferred Profit Sharing Plan during 2019. Her maximum deductible 2020 Registered Retirement Savings Plan contribution is:

During the Year Ending December 31, 2019, Wilma Collins Has