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Exercise 5 During 2019, Mr. Garveau makes a $5,000 contribution to a new RRSP in which he is the registrant. His wife, Mrs. Charron Garveau
Exercise 5 During 2019, Mr. Garveau makes a $5,000 contribution to a new RRSP in which he is the registrant. His wife, Mrs. Charron Garveau also makes a $5,000 contribution to his RRSP in 2019. Mrs. Garveau does not make any further contribution to her husbands RRSP. However, Mr. Garveau makes a $6,500 contribution. During 2020, Mr. Garveau withdraws $9,000 from his RRSP. How will this withdrawal be taxed
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