What will be your client''s pension adjustment for rrsp

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Reference no: EM133654108

Question: A client of yours is a member of a Defined Contribution Plan. Your client acting upon your advice confirms they contributed the maximum amount they were eligible to towards the plan, which was $5,500, based on 5% of their annual income. Your client's decision to maximize their allowable contribution to the plan was to take advantage of the fact that their employer would match all employee contribution up to 5% of their annual income. Therefore the employer also contributed $5,500 to the pension plan as well. What will be your client's Pension Adjustment for RRSP contribution room as a result of the contributions indicated.

Reference no: EM133654108

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