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b. If you invest $500 in a RRSP, vour refund = c. If you invest 51000 in a Ress, your refund = d. If you

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b. If you invest $500 in a RRSP, vour refund = c. If you invest 51000 in a Ress, your refund = d. If you invest $2000 in a ARSP, your refund a Progressive tax structure - Federal taxes 2022 : - First $50,197=15% Progressive tax structure - Ontario taxes 2022: - $50,197.01$100,392=20.5% - First 546,226=5.059 - 5100,392.01+$155,625=26% - $46,226.01$92,454=9.15%6 - $155,625,01$221,708=294 - $92,454.01$150,000=11.16% - Over $221,708=33% - $150,000.01$220,000=12.16% - Over $220,000=13.16%

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