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

Question 51

Multiple Choice

During the year ending December 31, 2019, Joyce Collins has employment income before the deduction of any RPP contributions of $40,000, a net rental loss of $16,000, interest income 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 during 2019. She has contributed $2,000 to her husband's Registered Retirement Savings Plan in 2020. The maximum deductible 2020 Registered Retirement Savings Plan contribution to a plan in her name is:


A) $3,580.
B) $5,580.
C) $4,660.
D) $6,660.

Correct Answer:

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