Question: How is the average individual's RRSP contribution limit for the current year calculated? Question 1 options: The lessor of the current year RRSP dollar limit

How is the average individual's RRSP contribution limit for the current year calculated?

Question 1 options:

The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, minus the previous year's pension adjustment, plus the taxpayer's unused RRSP contribution room at the end of the preceding tax year

The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, minus the previous year's pension adjustment, minus the taxpayer's unused RRSP contribution room at the end of the preceding tax year

The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, plus the previous year's pension adjustment, plus the taxpayer's unused RRSP contribution room at the end of the preceding tax year

How is the average individual's RRSP contribution limit for the current year calculated?

Question 1 options:

	The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, minus the previous year's pension adjustment, plus the taxpayer's unused RRSP contribution room at the end of the preceding tax year
	The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, minus the previous year's pension adjustment, minus the taxpayer's unused RRSP contribution room at the end of the preceding tax year
	The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, plus the previous year's pension adjustment, plus the taxpayer's unused RRSP contribution room at the end of the preceding tax year
	The lessor of the current year RRSP dollar limit and 18% of the previous year's earned income, minus the previous year's pension adjustment, minus the taxpayer's unused RRSP contribution room at the end of the preceding tax year

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