Question: The RRSP annual limit for the current year is calculated as _ _ _ _ _ _ _ _ . Question content area bottom Part

The RRSP annual limit for the current year is calculated as

________.

Question content area bottom

Part

1

.

the lesser of

30 %

of the

individual's earned income in the current year and the RRSP dollar limit established by the government for the current year

.

the greater of

25 %

of the

individual's earned income in the prior year and the RRSP dollar limit established by the government for the current year

.

the lesser of eligible contributions made to an RRSP during the calendar year and the RRSP dollar limit established by the government for the current year

.

the lesser of

18 %

of the

individual's earned income in the prior year and the RRSP dollar limit established by the government for the current year

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