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How much of the retiring allowance will Jackson rollover

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Question - Jackson plans to retire at the end of this year. At which time he expects to receive a retiring allowance of $40,000. He has worked for his current employer since April 1985 and his employer never offered a pension plan. How much of the retiring allowance will Jackson be able to rollover into RRSP?

1-$22,000

2-$24,000

3-$28,000

4-$32,000

Reference no: EM133099940

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