Question: Mr . Barlow, throughout 2 0 2 2 , had an average tax rate of 1 9 . 1 2 % and currently has a

Mr. Barlow, throughout 2022, had an average tax rate of 19.12% and currently has a marginal tax rate of 29.65%. He made a $5500 RRSP contribution in 2022. What will his estimated tax savings be from the RRSP contribution?
1051.60
1630.75
3869.25
RRSPS provide tax sheltering but no tax deductions
Mr. Barlow, throughout 2022, had an average tax rate of 19.12%

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