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In her RRSP, Jennifer holds $10,000 in GICS, $8,000 in shares of taxable, Canadian public corporations, $5,000 in commodity futures contracts, $15,000 in Canadian corporate
In her RRSP, Jennifer holds $10,000 in GICS, $8,000 in shares of taxable, Canadian public corporations, $5,000 in commodity futures contracts, $15,000 in Canadian corporate bonds, $1,000 in gems and $4,000 in S. mutual funds. She was recently contacted by the Canada Revenue Agency and notified that some of her holdings are non-qualified RRSP investments. How much must Jennifer pay each month as a penalty until she disposes of her non-qualified investments?
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
