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John purchased $3500 of shares in an LsIF in feb. He lives in a province with a 15% tax credit on up to $5000. After
John purchased $3500 of shares in an LsIF in feb. He lives in a province with a 15% tax credit on up to $5000. After purchasing the shares personally, he transfers them to his RRSP as his contribution for the previous year. He has an marginal tax rate of 40%. How much unnecessary income tax did he pay?
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
