Jonathan Talbert is a high net worth Canadian with an average tax rate of 35% and marginal tax rate of 40%. He contributes $6,000 into his RRSP, then purchases that much worth of LSVCCs whose provincial tax credits match the federal tax credit. How we would say that the purchase made in his RRSP would actually cost him?

Answer rating: 100% (QA)

To determine how much Jonathan Talberts purchase made in his RRSP would actually cost him after cons... View the full answer