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An investor in a 40% marginal tax bracket purchased $8,000 worth of LSVCCs and contributed them into her RRSP. If she lived in a province
An investor in a 40% marginal tax bracket purchased $8,000 worth of LSVCCs and contributed them into her RRSP. If she lived in a province with a matching tax credit, what is the effective after-tax cost of the investment?
a)$2,400
b)$2,700
c)$3,000
d)$3,300
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