Sam was a big executive for a pharmaceutical company but lost his job in August 2017. He has always had wild spending habits and little in terms of savings. He is now struggling as it is taking him longer than he expected to find another job at his executive level. To help him financially in meeting his bill payments, he has had no choice but to withdraw from the little savings that he has in his Registered Retirement Savings Plan (RRSP). He has no other savings. Each month he has made a withdrawal to cover his high monthly needs in hopes that the following month, he finds a job.

Calculate the total amount of taxes that Sam will have to pay on all the withdrawals from his RRSP when he files his 2017 personal income tax return. Assume that he is in the top marginal tax bracket and a resident of Quebec. (See Table A).

Monthly Withdrawal	Withdrawal
September	$12,000
October	$10,700
November	$9,500
December	$13,000

TABLE A

2017 Combined Federal and Quebec Personal Income Tax Brackets and Tax Rates
2017 Taxable Income	2017 Tax Rates	2017 Taxable Income	2017 Tax Rates
first $42,705	28.53%	over $91,831 up to $103,915	45.71%
over $42,705 up to $45,916	32.53%	over $103,915 up to $142,353	47.46%
over $45,916 up to $85,405	37.12%	over $142,353 up to $202,800	49.97%
over $85,405 up to $91,831	41.12%	over $202,800	53.31%