Author Question: John has been told that he should not take any overtime because it will push him into the next tax ... (Read 172 times)

jenna1 · **on:** Nov 11, 2019

John has been told that he should not take any overtime because it will push him into the next tax bracket. Which of the following is true?
◦ Moving into the next tax bracket will give John a larger refund on his RRSP contribution.
◦ The marginal tax brackets apply to tax credits and deductions and will not make a direct difference to John's net income.
◦ Moving into the next marginal tax bracket could reduce John's net income overall.
◦ Moving into the next tax brackets will give John a larger refund from his tax credits.

wuly · **Reply #1 on:** Nov 11, 2019

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