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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