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  3. in 2020 ms. alexis akerfeldt had the following amo

In 2020 Ms. Alexis Akerfeldt had the following amounts of income and deductions: ...

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Accounting

In 2020 Ms. Alexis Akerfeldt had the following amounts of income and deductions:
Employment Income $71,000
Rental Loss (18,000)
Eligible Dividends 8,000
Taxable Capital Gains 10,300
Allowable Capital Losses (12,300)
Subdivision e Deductions (Moving Expenses)(3,000)
At the end of 2020, Ms. Akerfeldts Unused RRSP Deduction Room was $6,000. There were no
undeducted RRSP contributions.
Required:
A. Calculate Ms. Akerfeldts 2020 net income and any 2020 carry overs.
B. Calculate the maximum deductible contribution Ms. Akerfeldt can make to her RRSP for
the 2021 taxation year for the following independent Cases:
Case 1 In 2020, she is a member of a money purchase RPP in which she has
contributed $2,000 and her employer has contributed $2,500.
Case 2 In 2020, she is a member of a DPSP in which her employer contributed $3,500
per employee.
Case 3 In 2020, she is not a member of an RPP or DPSP. Assume that in addition to
the preceding information, she also has business income of $165,000. She has
contributed $1,500 to her spouses RRSP in August 2021

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