Assuming you're in Ontario, you may want to contribute enough into your RRSP to get your taxable income below 81,452. So if you are making 90,000. You would want to contribute atleast $8,548 into your RRSP.
Marginal tax rate currently = 43.41%
Marginal tax rate (76,440 - 81,452) = 39.41%
You'll get a bigger refund!
Marginal tax rate currently = 43.41%
Marginal tax rate (76,440 - 81,452) = 39.41%
You'll get a bigger refund!
