Ash has annual income of $100,000 1) Find his Marginal Tax rate (Both Provincial and Federal) Based on Ontario, 2020 2) Ash has $10,000 to invest. He can invest in RRSPs or TFSA 3) The money is expected to grow at 6% per year. 4) Time when money will be withdrawn is 20 years Based on the 3 scenarios, recommend whether Ash should invest in RRSP or TFSA or doesn't matter. 1) Ash's Marginal Tax rate after 20 years will be higher than today. Pick the next Marginal Tax Bracket 2) Ash's Marginal Tax rate after 20 years will be same as today. 3) Ash's Marginal Tax rate after 20 years will be lower than today. Ash has annual income of $100,000 1) Find his Marginal Tax rate (Both Provincial and Federal) Based on Ontario, 2020 2) Ash has $10,000 to invest. He can invest in RRSPs or TFSA 3) The money is expected to grow at 6% per year. 4) Time when money will be withdrawn is 20 years Based on the 3 scenarios, recommend whether Ash should invest in RRSP or TFSA or doesn't matter. 1) Ash's Marginal Tax rate after 20 years will be higher than today. Pick the next Marginal Tax Bracket 2) Ash's Marginal Tax rate after 20 years will be same as today. 3) Ash's Marginal Tax rate after 20 years will be lower than today