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CSI Canadian Securities Course IFC Question # 120 Topic 13 Discussion

IFC Exam Topic 13 Question 120 Discussion:
Question #: 120
Topic #: 13

The following table shows Sabrina's earned income for the past few years:

IFC Question 120

Sabrina has always maximized her RRSP contributions, so she has no carry-forward room available. If the maximum contribution limit for Year 3 is $24,270, what is her RRSP contribution room for Year 3?


A.

$22,500


B.

$24,270


C.

$25,200


D.

$26,100


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