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RRSP Benefits and Tax Refund
Автор: Wealth Builders BC
Загружено: 2022-01-13
Просмотров: 162
Описание:
See the immediate benefits of your tax refund with an RRSP contribution to your retirement account. The larger gains are longer term over 20 to 30 years, but we focus today on the immediate tax consequences to reduce your CRA tax bill.
This is the first step, later you must decide where to specifically invest the money such as stocks, dividend etf, mutual fund portfolio's etc..
The larger your income then the greater the tax return to you. Our $90,000 example uses a 30% tax bracket, but if you earn over $100,000 then you may be in a 40% to 50% tax rate.
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