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Calculating rrsp room

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Calculating RRSP room. How much contribution room should you have if you have never contributed to the RRSP plan and have made $30,000 of income per year over the last 5 years?

Assuming the same information in Question 1 except that you contribute $3000 to an RRSP in each of years 2 to 5 and in year 6 you decide to maximize your RRSP contribution as your earned income increased substantially. How much can you contribute in the sixth year based on this situation?

Reference no: EM133111510

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