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Mrs Jacks Is Employed by RME Industries Ltd

Question 58

Multiple Choice

Mrs. Jacks is employed by RME Industries Ltd. RME Industries Ltd. does not offer a Registered Pension Plan or a Deferred Profit Sharing Plan to its employees. She has no Earned Income prior to 2018. Given the following, what is the maximum RRSP contribution that Mrs. Jacks can deduct for the 2020 taxation year? Mrs. Jacks is employed by RME Industries Ltd. RME Industries Ltd. does not offer a Registered Pension Plan or a Deferred Profit Sharing Plan to its employees. She has no Earned Income prior to 2018. Given the following, what is the maximum RRSP contribution that Mrs. Jacks can deduct for the 2020 taxation year?   A) $9,000. B) $9,360. C) $12,000. D) $12,360. E) None of the above.


A) $9,000.
B) $9,360.
C) $12,000.
D) $12,360.
E) None of the above.

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