IAMBEST will be in the 46% marginal tax bracket for the next 35 years. Every year she expects to have savings of $5,000 from her take home pay. She will save everything of this by putting it in an RRSP. The money in RRSP will be invested in a diversified equity portfolio earning a before tax rate of return of 6% p.a. At the end of 35 years she will retire and will use all the money in her portfolio to buy a 25 year annuity earning a before tax rate of return of 5%

METOO will also be in the 46% marginal tax bracket. Every year he also expects to have savings of $5,000 from his take home pay. He has decided to invest his annual savings for 35 years outside an RRSP in a growth portfolio, growing at an annual rate of 10% per year. After 35 years he will also use all the money in his portfolio to buy a 25 years annuity earning a before tax rate of return of 5%.

Assume that after retirement each one of them will be eligible to get maximum CPP and OAS per year as stated in Table 17.4. Use 2012 values.

a. What will be the before and after tax annual income for IAMBEST? Use Alberta (AB) section of table 17.1 to determine the average tax rate.

b. What will be the after tax annual income for METOO? Assume his average tax rate during retirement will be 32%.

6 Beth D ***** Great energy boost for this ADD girl. Reviewed in the United States on July 24, 2018 Flavor Name: Genius Size: 16 Count (Pack of 1) Veried Purchase Love this coffee! I was skeptical as l have tried other vitamins that were supposed to give me energy. Made the cup with my usual teaspoon of sugar and teaspoon of powder creamer and I added a 1/2 teaspoon of caramel sauce. I know lots of extra calories but this is how I like to drink coffee :) Drank first cup and within minutes could tell I was no longer lethargic and tired like coffee usually makes me. I had stopped drinking coffee in morning because I was finding I was more tired after my morning coffee than before it. I have true ADD and caffeine works opposite on me and calms me down and makes me feel relaxed... These Kcups are amazing! I nally have energy in the morning again and can get things done. ljust wish they did not cost so much! 392 people found this helpful 0 Thank you for your feedback. Comment Report abuse Mark Peterson ' Great flavor and body Reviewed in the United States on June 12. 2018 Flavor Name: Genius Size: 16 Count (Pack of 1) Veried Purchase l have been a big fan of VitaCup for about a year now. I get genuinely good vitamins out of a great tasting coffee from my Keurig. This new blend, the Genious Blend, exceeded my expectations. It's full flavor and creamy texture is a great way to start my morning. Would highly recommend! 294 people found this helpful J Thank you for your feedback. A 10 comments Report abuse Permalink Posting publicly as: Tif Respond to this review! Comments must adhere to Community Guidelines. 9 A Guidelines Showing 6 comments Sort by: Newest Oldest Tif 1second ago Edit | Delete I agree! Very Helpful