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A 50-year old individual had the following for income amounts for the year 2019: Business income $77,500 Capital gains $15,500 Dividend income $4,300 Interest income

A 50-year old individual had the following for income amounts for the year 2019: Business income $77,500 Capital gains $15,500 Dividend income $4,300 Interest income $2,500 Rental income $90,000 Spousal support received $65,400 Business losses $58,700 Capital losses $8,600 Rental losses $24,700 Spousal support payments $37,500 Also for 2019, the pension adjustment was $4,900 and the unused RRSP deduction limit (per the CRA’s 2019 Notice of Assessment) was $15,900. For 2020, the individual’s earned income was $105,400 and the pension adjustment was $4,800. What is the maximum allowable RRSP contribution for 2020?

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