A. Tina has a 28% Marginal rax rate B. Tina has an effective marginal tax rate of 15.6% on capital gains C. The RRSP com

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answerhappygod
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A. Tina has a 28% Marginal rax rate B. Tina has an effective marginal tax rate of 15.6% on capital gains C. The RRSP com

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A. Tina has a 28% Marginal rax rate
B. Tina has an effective marginal tax rate of 15.6% on capital gains
C. The RRSP comtribution could make Tina's marginal tax rate lower than her average rate.
D. The dividends Tina receives are taxable at a higher rate than her salary
Your client can borrow $10,000 at 3% interest, and will either contribute to an RRSP and repay part of the loan with her $3,300 tax refund, or invest in a non RRSP Equity fund. She can earn the same return in either investment. identify the option that will macimize tax deductible interest for your client.
a. RRSP loan with refund invested in GIC
b. RRSP loan with partial use of refund for repayment
c. Non RRSP investment loan
d. $5,000 RRSP loan, $5,000 investment loan
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