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Question -
Mr Jacob Johnson has net employment income of $42300 (after the deduction of $9700 in RPP contributions), business income of $18300, taxable dividends of $8,000, and pays deductible support payments to his former spouse of $16900 during the year. He also had a net rental loss of $12100. What is Mr. Johnson's Earned Income for RRSP purposes for the current year?
Mr. Roelan's has 2019 earned income for RRSP purposes of $160000. He is not a member of an RPP or a DPSP. His unused RRSP deduction room carried forward from 2019 was $39000. During 2020, he contributes $3400 to his RRSP and chooses to deduct the full amount contributed. What is the amount of Mr. Roelan's Unused RRSP deduction room at the end of 2020?
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