Question
Aman took advantage of the RRSP Home Buyers Plan to purchase her condo and withdrew $28,000 to help with the down payment. She is in
Aman took advantage of the RRSP Home Buyers Plan to purchase her condo and withdrew $28,000 to help with the down payment. She is in the 40% marginal tax bracket and realizes she has no funds to make any RRSP contribution this year. How much additional tax will she have to pay if she does not make the Home Buyers Plan repayment? Input the number to the nearest dollar. Answer:
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
