Tajon is 70 years of age. He withdraws $2000 from his RRSP. If his marginal tax rate is 20% and he opts to claim the pension income amount, what is the effect on his federal income taxes?

19- The basic personal amount benefits higher income earners more than lower income earners

True or False

20- RRSP contributions benefit higher income earners more than lower income earners.

True or False

QUESTION 18 Tajon is 70 years of age. He withdraws $2000 from his RRSP. If his marginal tax rate is 20% and he opts to claim the pension income amount, what is the effect on his federal income taxes? QUESTION 19 The basic personal amount benefits higher income earners more than lower income earners O True O False QUESTION 20 RRSP contributions benefit higher income earners more than lower income earners. O True O False