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Jacob Dowling would like to know his maximum RRSP deduction in the current year. The Federal government's annual RRSP limit for the current year of

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Jacob Dowling would like to know his maximum RRSP deduction in the current year. The Federal government's annual RRSP limit for the current year of 2021 is set at $29,210. Jacob provides you with the following information. - Unused RRSP Deduction Room at December 31 of the prior year: $7,400 - Prior year earned income: $76,000 - Current year earned income: $85,000 - RRSP contribution made to his own self-administered RRSP plan during the current year: $12,100 - RRSP contribution made to a spousal plan (TD Bank) on February 1 of the following year: $5,800 - RRSP contribution made to his own plan (TD Bank) on March 15 of the following year: $5,900 Choose the correct answer. A. $17,900 B. $22,700 C. $29,210 D. $21,080

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