5 As Francois approaches retirement, he has elected to reduce his working hours. Consequently, this year, he will have an earned income of $82,225 compared to his earned income of $118,750 last year, Francois is a member of the defined contribution pension plan sponsored by his employer and based on the combined contributions to the plan, this year he will incur a pension adjustment of $5,205. If the RRSP contribution limit last year was $22,970 and is $23,820 this year, how much RRSP contribution room will Francois accumulate this year? a) $9,596 b) $15.795 c) $16,170 d) $23,820