In need of extra cash, Troy and Lilly decide to withdraw $8000 from their RRSP. They are

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In need of extra cash, Troy and Lilly decide to withdraw $8000 from their RRSP. They are in a 30 percent marginal tax bracket. What will the tax consequences of this withdrawal be?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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