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Mr. Barlow, throughout 2022, had an average tax rate of 19.12% and currently has a marginal tax rate of 29.65%. He made a $5500 RRSP

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Mr. Barlow, throughout 2022, had an average tax rate of 19.12% and currently has a marginal tax rate of 29.65%. He made a $5500 RRSP contribution in 2022 . What will his estimated tax savings be from the RRSP contribution? 1051.601630.753869.25 RRSPs provide tax sheltering but no tax deductions

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