The RRSP annual limit for the current year is calculated as________

Choose the correct answer.

A.

the lesser of30% of theindividual's earned income in the current year and the RRSP dollar limit established by the government for the current year.

B.

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.

C.

the lesser of18% of theindividual's earned income in the prior year and the RRSP dollar limit established by the government for the current year.

D.

the greater of25% of theindividual's earned income in the prior year and the RRSP dollar limit established by the government for the current year.