Jane:

Jane is 45 years old and would like to retire in 15 years. Jane's husband passed away years ago so she is receiving a widow's pension. She had always been a stay at home Mom like her own Mother, but after her husband passed away; she realized that money was too tight. Jane decided to enter the workforce for the first time and starting working with Company XYZ on January 1, 2012 where she started with an annual gross salary of $45,000. Since then, her salary has only increased by the Consumer Price Index (CPI) of 2% each year.  Jane does not have much in the way of savings and her employer does not have a pension plan.

Jane currently rents an apartment but is looking to buy a home. She wants to stay within her means and does not even know if she qualifies for a home loan with the bank. 

For all four family members, assume:

- live in Quebec.

- 40% combined Federal and Quebec provincial tax rate. 

- date:  November 1, 2015

Question 3: (3 mark)

Jane is concerned about over-contributing to her RRSP, name 3 places where could obtain the exact amount that she is able to contribute?