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26-04-2024
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Emmanuel places $15,000 in his RRSP when his marginal tax rate is 45%, and then withdraws the $15,000 and pays tax on it when his marginal tax rate falls to 40%. What are his tax savings (the taxes he will never have to pay)?
1) $750
2) $6,000
3) $950
4) $6,750

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