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o Mina established an RRSP in 2013. As of January 1, 2020, Mina had no unused deduction room and no undeducted contributions. Her 2019 earned Income was sufficient for her to make the maximum 2020 contribution of $27,230. However, as she acquired a new home during 2020, she made no contributions to her RRSP that year. With the new home and furnishing purchases behind her and the receipt of a sizable inheritance from her mother's estate, she has sufficient funds to maximize her contribution in 2021. She would like you to advise her as to the maximum contribution that she can make in 2021. Her 2020 earned Income was $200,000. Her 2020 net income was $250,000. Mina's spouse Boris had 2020 earned income and net income of $40,000. Boris will likely have less income than Mina in their retirement. The RRSP dollar limits are $27,230 for 2020 and $27,830 for 2021. -REQUIRED Calculate the maximum 2021 RRSP contribution that Mina can make. Show your work. [3 marks] B) Should Mina consider making some of the 2021 contribution to Boris' RRSP? Explain. [2 marks] c) How and why would your answer to A) change if Mina was part of a registered pension plan (RPP) in 2020 and her employer contributed to the RPP in 2020? [2 marks] o Mina established an RRSP in 2013. As of January 1, 2020, Mina had no unused deduction room and no undeducted contributions. Her 2019 earned Income was sufficient for her to make the maximum 2020 contribution of $27,230. However, as she acquired a new home during 2020, she made no contributions to her RRSP that year. With the new home and furnishing purchases behind her and the receipt of a sizable inheritance from her mother's estate, she has sufficient funds to maximize her contribution in 2021. She would like you to advise her as to the maximum contribution that she can make in 2021. Her 2020 earned Income was $200,000. Her 2020 net income was $250,000. Mina's spouse Boris had 2020 earned income and net income of $40,000. Boris will likely have less income than Mina in their retirement. The RRSP dollar limits are $27,230 for 2020 and $27,830 for 2021. -REQUIRED Calculate the maximum 2021 RRSP contribution that Mina can make. Show your work. [3 marks] B) Should Mina consider making some of the 2021 contribution to Boris' RRSP? Explain. [2 marks] c) How and why would your answer to A) change if Mina was part of a registered pension plan (RPP) in 2020 and her employer contributed to the RPP in 2020? [2 marks]

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