Determine Mr Black maximum RRSP deduction

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Question - During 2015, Mr. Black has taxable capital gains of $23,650, net rental income of $6,530, pays spousal support of $18,000, and has net employment income of $75,600. Based on his RPP contributions of $2,400 and the matching contributions made by his employer, his employer reports a 2015 pension adjustment of $4,800. Mr. Black has Unused RR SP Deduction Room carried forward from 2015 of $10,750. Also at this time, his RRSP contains undeducted contributions of $6,560. During 2016, he makes contributions to his RRSP of $13,200. Determine Mr. Black's maximum RRSP deduction for 2016. Assuming he deducts his maximum, determine the amount of any Unused RRSP Deduction Room that he will have available at the end of 2016, and indicate whether he has any undeducted contributions remaining at the end of 2016.

Reference no: EM133093743

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