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Last year George had the following income reported to CRA: Employment: $40,000 Dividends: $30,000 Rental Income of $10,000 Taxable Capital Gains: $2,000 Last Year's Pension

Last year George had the following income reported to CRA:

Employment: $40,000

Dividends: $30,000

Rental Income of $10,000

Taxable Capital Gains: $2,000

Last Year's Pension Adjustment was $2,000

What is George's maximum RRSP purchase for this year.

$5,200

$7,000

$9,000

$12,760

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