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Unformatted text preview: for 2010 is:- the individual's unused RRSP deduction room carried forward- plus the lesser of:- $22,000; and- 18% of earned income in 2009 less pension adjustment from the prior year. Earned income Income from employment $50,650 Less: Spousal support payments (3,000) Loss on rental property (1,800 ) $45,850 Deduction Lesser of:- $22,000; and- 18% of $45,850 = $ 8,253 less pension adjustment of (2,000 ) $ 6,253 Page 1...
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This note was uploaded on 02/05/2011 for the course ACTG 4720 taught by Professor Gaildrory during the Winter '11 term at York University.
- Winter '11