The year is 2024. Ramy Anoub graduated three years ago with a Masters in Aerospace Engineering. He was happy to be finished his studies at last and embark upon his chosen career. Since graduating Ramy has purchased an electric car and condo on the Lachine Canal - both involving considerable debt. Ramy thought that with the salary he makes ($250,000) he should have no financial problems. But with his high car and condo payments, and uncontrolled spending on entertainment, he finds that his credit cards are always maxed out and he makes only the minimum payment. Sticking to any type of savings plan seems impossible. Ramy's company offers a Registered Contribution Pension Plan to which he and his employer each contribute $12,500 a year. They also offer a generous medical plan covering 80% of medical bills (his plan premium is $2,500). Nevertheless, Ramy's multiple sclerosis (MS) medication still costs him $4,320 a year. He is thankful that his only other medical bill involves $600 a year for dental work. Refer to the 2023 CRA Income Tax and Benefit return for Quebec. https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5005-r/5005-r-23e.pdf