In March 2022, you pay Bruno, your ex-employee, a retiring allowance of $55,000. He worked for you from 1990 to 2022. He did not contribute to a pension plan or DPSP. Calculate the eligible retiring allowance that is transferred directly to Brunos RRSP or to an RPP with no tax deductions required.

1. A. $13,000

2. E. None

3. C. $12,000

4. B. $10,000

5. 15000