By how much is she better off in tax saving

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Reference no: EM131624514

Kate’s taxable income for 2015 was $72,500. She had a choice between investing $4,325 of her income in RRSP or investing that same amount in a plan that would give her a non-refundable federal tax credit of $750. Which option should she choose? By how much is she better off in tax saving?

Reference no: EM131624514

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