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As Francois approaches retirement, he has elected to reduce his working hours. Consequently, this year, he will have an earned income of $ 8 2

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) $15,7950
c) $16,170
d) $23,820

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