Use the the marginal tax information in the table below to calculate the annual after tax income Greg should expect in his retirement. 

Greg expects 

$11201 annually from CPP, 

$6467 annually from OAS, 

$99,000 from his RRIF. 

Assume that his OAS will be clawed back on any income above $76,000.

  

Simplified Marginal Tax Table Tax at start of range Beginning of range 12,000 20,000 48,000 95,000 148,000 210,000 to to to to to to + End of range 12,000 20,000 48,000 1,200 95,000 7,360 148,000 21,460 210,000 42,660 above 70,560 Marginal rate 0% 15% 22% 30% 40% 45% 50%