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Sally has a group RRSP which she contributes 5% of her salary to each year. Her employer matches 100% of her contribution up to a
Sally has a group RRSP which she contributes 5% of her salary to each year. Her employer matches 100% of her contribution up to a maximum of 9% of her salary. Her contributions are made on a monthly basis through payroll deduction on her last paycheque of the month. Sally's group RRSP currently has $103,281 invested in it with an asset allocation of 50% large cap Canadian equities and 50% U.S. equities. Her beneficiary on file is her estate. Michael does not have any retirement savings. Assume Sally's income is $95,000.
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Concepts In Federal Taxation
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
19th Edition
978-0324379556, 324379552, 978-1111579876
