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What is joe rrsp contribution room

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Reference no: EM133068548

Joe's financial situation is as follows:

  • Annual employment income of $50,000
  • $540 interest income on CSBs
  • $10,000 from a business in which he is a limited partner
  • Business losses from a part-time home-based business of $8,000
  • $1,500 RRSP carry-forward contribution room
  • $12,000 in alimony payments made to his ex-wife

What is Joe's RRSP contribution room for next year?

Reference no: EM133068548

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