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If this person received a gift of $100,000 in 2022 and wanted to contribute the maximum to their RRSP and TFSA, what advice would you
If this person received a gift of $100,000 in 2022 and wanted to contribute the maximum to their RRSP and TFSA, what advice would you give? Explain your answer. Can this person deduct the cost of preparing their income tax return? Research this question in the Income Tax and Benefit Guide for 2022 and explain the answer. What is the most relevant advice you can give them regarding the end of spousal support in 2024? Explain your answer. Explain their marginal tax rate position. How much deduction could they take before they would have a lower marginal tax rate. How much additional income could they earn before they would have a higher marginal tax rate? Do you expect either of these situations in the next few years
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