Question: Dave, a new employee, has claimed the basic personal amount on his TD 1 * 2 form. He also indicates that he will be contributing
Dave, a new employee, has claimed the basic personal amount on his TD form. He also indicates that he will be contributing $ to his RRSP and paying $ in tuition fees. How will these additional claims affect his tax withholdings?
a They will reduce his tax withholdings.
b They will increase his tax withholdings.
c They Have no effect on his tax withholdings.
d They only affect his yearend tax return, not withholdings.
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