5-Raymond made his annual RSP contribution of $3716 and decided to use the proceeds to purchase a Labour Sponsored Ventu

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answerhappygod
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5-Raymond made his annual RSP contribution of $3716 and decided to use the proceeds to purchase a Labour Sponsored Ventu

Post by answerhappygod »

5-Raymond made his annual RSP contribution of $3716 and decided
to use the proceeds to purchase a Labour Sponsored Venture Capital
Corporation. He lives in a province with a 14% provincial
LSVCC tax credit and his marginal tax rate is 30%. What will
Raymond's total tax refund be on this RSP contribution and
purchase?
Please provide answer to 2 decimal places (e.g. 1234.56)
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