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Author Question: Miranda is 35 and her tax planning creates opportunities to receive a $1800 tax refund each year. If ... (Read 40 times)

kaid0807

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Miranda is 35 and her tax planning creates opportunities to receive a $1800 tax refund each year. If she allocates this to her RRSP each year and earns a 7 percent annual return, how much extra retirement savings will she have at age 65? If she allocated this $1800 each year to a regular investment account which also earned a 7 percent annual return, how much money would she have there? Explain the tax implications and assumptions you need to make for this comparison.


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Marked as best answer by kaid0807 on Nov 11, 2019

jojobee318

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kaid0807

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Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review


TheNamesImani

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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