30 Habib and Amir are in a common-law relationship. Amir stays at home to care...
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30 Habib and Amir are in a common-law relationship. Amir stays at home to care of their two young children and Habib works in their local hospital. Habib's employer provides a very generous pension and always matches his registered retirement savings plan contributions, up to the annual maximum permitted by law. Habib has been contributing to a spousal RRSP for Amir for several years and the account now has a substantial amount of money. always maxes out both of their TFSAs, but he has not contributed into the TFSA this year. They are meeting with you, their financial advisor, to discuss an investment strategy for the year. Habib has a total of $40,000 he would like to invest. Since Amir's spousal RRSP is substantial, this year he decides only to deposit in his own RRSP and both their TFSAs and invest the rest. The contribution timits for RRSPS and tax-free savings accounts are $27,230 and $6,000, respectively. After contributing to his own RRSP and both their TFSAs, how much money does Habib have to invest? enlPOVRzEXJYYUd3RWFBOOEVdGXDOTO9 8 a. $12,000 b. $14,385
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