(Answered) John earned 110000 in 2016 assuming john has no unused rrsp

Management Studies

John earned $110,000 in 2016. Assuming John has no unused RRSP contribution room how much personal RRSP's can he contribute in 2017. Assume John has a defined contribution pension that he contributes 5% to and his employer matches this amount. John's salary in 2017 is $5,000 per month.

John also has a defined benefit play that he and his employer contribute to. His pensionable earnings are $60,000, his service percentage is 2%

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