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Effects on the contribution room for rrsps

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Reference no: EM133000545

When preparing their taxes this year, Laura noticed that on the T4 slip from her employer there was a value indicated as a PSPA. Laura mentioned it to her husband Tony, and said that on his t4 slip there was a value indicated as a PAR.

Which of the following statements BEST descibes the effects on the contribution room for their RRSPs?

MULTIPLE CHOICE:

  • Laura's increased but Tony's decreased
  • Laura's decreased but Tony's increased
  • Both of them saw an increase
  • Both saw a decrease
  • Both were unaffected

Reference no: EM133000545

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