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Prior to 2019 , Ms. Serena Sale had no earned income for RRSP purposes. In 2019 and 2020 , she had sufficient earned income to allow for maximum allowable RRSP deductions in 2020 and 2021 . However, she did not make any contributions in either of those years.

Serena

has been employed by a Canadian public corporation since

2019.

The following information pertains to her income for the past two years.

	2022	2021
Salary Before Taxable Benefits	$155,000	$155,000
Automobile Benefit	7,350	6,650
Employee Stock Option Benefit	4,100	2,990
Benefit On Interest Free Loan	2,030	1,570
RPP Contributions	(4,470)	(4,890)
Other Employment Expenses	(3,140)	(3,450)
Interest Income	2,280	2,180
Taxable Capital Gains	14,400	6,220
Business Income (Note 1)	21,500	15,200
Royalty Income (Note 2)	6,410	6,620
Rental Loss	(4,850)	(9,900)
Spousal Support Received	24,400	24,400
Eligible Dividends	1,440	1,540
Totals	$226,450	$204,130

Note 1 The business income is from a mail-order business that

Serena

runs out of her home.

Note 2 The royalty income is from a manual that she wrote on how to write instruction manuals.

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Serena participates in her employer's money purchase RPP. Her employer contributes twice the amount contributed by each employee to the plan. Her PA for

2021

is

$15,250.

A.	Calculate Serena's earned income for the purpose of determining her maximum 2022 RRSP contribution.
B.	Calculate Serena's maximum deductible RRSP contribution for 2022.

Ignore all GST/HST & PST considerations.

Requirement A. Calculate

Serena's

Earned Income for the purpose of determining her maximum

2022

RRSP contribution. (For accounts that are not included in the earned income calculation, leave the input field empty; do not enter a zero.)

Salary Before Taxable Benefits
Automobile Benefit
Employee Stock Option Benefit
Benefit On Interest Free Loan
RPP Contributions
Other Employment Expenses
Total Employment Income
Interest Income
Taxable Capital Gains
Business Income
Royalty Income
Rental Loss
Spousal Support Received
Eligible Dividends
Earned Income

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