Mark earns $95,000 gross income and is saving to buy his first home, a condo, for which he needs an $75,000 down payment. He has $20,000 in his RRSP and $40,000 carryforward room. He has $40,000 in his TFSA and $18,000 more room.

He just received a $15,000 inheritance and wants to save it to buy the condo.

Read all questions below before selecting your answers.

If he puts it in his TFSA account, how much tax will he save?	Answer 1Choose...0600030004500RESP360040003300RRSPTFSA
Which account makes the most sense for him to put the inheritance in?	Answer 2Choose...0600030004500RESP360040003300RRSPTFSA
If he puts it in his RRSP account, how much tax will he save?	Answer 3Choose...0600030004500RESP360040003300RRSPTFSA