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Sally's salary in 2021 is $124,000. She has no pension plan at work and she put the maximum possible into an RRSP at the end of 2022. Sally has a $5,000 RRSP carry forward from previous years. The RRSP dollar limit for 2021 and 2022 are $27,830 and $29,210, respectively. How much did Sally save on her taxes by making this RRSP contribution if her marginal tax rate is 33.5%?

Reference no: EM133305454

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