The RRSP annual limit for the current year is calculated as$\_\_\_\_\_\_\_\_$

Question $10$ options:

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$\text{'}$s earned income in the prior year and the RRSP dollar limit established by the government for the current year.

the lesser of$30\%$ of the$$individual$\text{'}$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$\text{'}$s earned income in the prior year and the RRSP dollar limit established by the government for the current year.