8. Warc and Brad are common-aw partners. Since 2019 including 20221, Marc has contributed 35.00...

90.2K

Verified Solution

Question

Accounting

8. Warc and Brad are common-aw partners. Since 2019 including 20221, Marc has contributed 35.00 each year into a spousal RRSP: Brad has never contributed into RRSPs. In 2022, Marc had taxable income of $75,00, al from employment, and Brad's only income was from an RRSP withdrawal in the amount of $8,000. Ther 2022 RRSP contribution limits, per their 2021 Notice of Assessments are as follows: Marc $45,000 and Brad $10,200. Do Marc and Brad have to complete Form T2205?

Yes or no

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students