Lloyd and his wife, Jean, have no retirement plan at work but they contribute a total of

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Lloyd and his wife, Jean, have no retirement plan at work but they contribute a total of $4000 each year to an RRSP. They are in a 30 percent marginal tax bracket. What tax savings will they realize for these contributions annually?
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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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