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In $2018$ Janice earned $$76,000$ in income from her job as an Account Manager at a large

pharmaceutical company. Her income in $2019$ was $$87,000.$ Assuming Janice has no pension and

no RRSP carry forward how much will Janice have in RRSP eligibility in $2019.$

Jose works as a self$-$employed individual who had gross income of $$195,000$ in $2018$ and net

income of $$110,000$ in $2018.$ Assuming no carry forward how much RRSP room will Jose have in

$2019?$

In $2018$ Donna had the following income: How much RRSP room did Donna generate for $2019?$

i$.$ Salary $-$$$65,000$

ii$.$ Interest Income $-$$$5500$

iii. Net rental income $-$$$12,500$

Fred works for ABC company and earned $$50,000$ in $2018.$ He is a member of a DCPP whereby

he contributes $3\%$ of his salary to his DCPP and ABC company matches his contribution. In this

case answer the following questions.

i$.$ How much did Fred contribute to the DCPP$?$

ii$.$ How much is the PA for RRSP calculation purposes?

iii. How much RRSP room did Fred generate for $2019?$

Define benefit entitlement as it pertains to calculating RRSP room for an individual with a DBPP$.$

What is the formula for calculating the PA for a DBPP$?$

Yu Lee works for Humber College as a recruitment co$-$ordinator. She earned $$62,500$ in $2019.$ Yu

is a member of a DBPP and earned an $$1100$ benefit entitlement in $2019.$ How much RRSP

eligibility did Yu generate for the $2020$ tax year?

Caitlyn has belonged to her employer's defined$-$benefit pension plan for three years, and she has

worked for this employer for a total of five years. The pension plan will provide her with $2\%$ of

her best earnings for each year of service. If she earns $$45,000$ per year, what will be her benefit

entitlement for the purpose of calculating her pension adjustment?

The year is $2019$ and George has $$9000$ in RRSP room. He contributes $$11,000$ to his RRSP in

June of $2019.$ How much of a penalty will George be subject to in $2019?$

The year is $2019.$ Mary earned $$275,000$ in $2018$ and had no pension plan and no RRSP carry

forward. How much RRSP room will Mary have in $2019?$

How much can an individual be overcontributed to their RRSP without penalty?

How much is the penalty for being overcontributed to your RRSP$?$

At the end of last year, Louisa over contributed $$7,000$ to her RRSP$.$ If Louisa's new RRSP

contribution room arising this year is $$9,000,$ what is the maximum she can contribute to an

RRSP this year without facing a penalty for cdotscdots$-$cdots$+$dots$+$dots$+$cdots $?$

Kris graduated from university and began working full$-$time in January Year $1.$ He also became a

member of his employer's defined$-$contribution pension plan at that time. He and his employer

each contribute $5\%$ of his salary. He had not worked for the previous $5$ years, so he has no

previous income. Based on the information below, how much RRSP contribution room can Kris

carry forward to Year $5?$

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