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Dan contributed $5,000 to his spouse's RRSP every year from 2015 to 2019. Outline the tax implication for Dan if on 3/15/20, his spouse withdrew
Dan contributed $5,000 to his spouse's RRSP every year from 2015 to 2019. Outline the tax implication for Dan if on 3/15/20, his spouse withdrew all the funds from her spousal RRSP. Dan has to pay tax on $10,000 Dan has to pay tax on $25,000 None of the other answers Dan has to pay tax on $15,000 There is no tax implication for Dan
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