What should i do for john investment

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Reference no: EM133335593

Assignment:

John is a financial analyst for Moneytree Inc. Last year, his employer offered him an optionto purchase Moneytree Inc. shares at a fixed price. John exercised this option in May 2018.Because Jane does not have a pension plan at work, John contributes to a spousal RRSP onher behalf. On July 15, 2018, he contributed $2,500 and on February 28, 2019, hecontributed $1,500 to her RRSP. He has receipts from Royal Trust for both contributions.John's 2017 Notice of Assessment contains the following information:

His RRSP deduction limit is $16,560;

He is required to make a repayment of $800to his Home Buyers' Plan.Some years ago, John withdrew $12,000 from his RRSP plan to make a down payment fortheir house. At the beginning of 2018, his outstanding balance was still $7,200.

My Question:

1. What should I do for John's investment?

2. How can I do RRSP for John and Jane on their return?

Reference no: EM133335593

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