RRSP Contributions and Tax savings. Paul demonstrates how to estimate your tax savings based on how much you earn and how much you contribute to your RRSP.
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🎥 CONTENTS OF THIS VIDEO
00:00 - Intro
00:23 - Navigate to the Wealthsimple Tax Calculator
00:40 - Enter Your Information
01:09 - Employment Income
01:35 - Self-employment Income
01:58 - Capital Gains and Dividends
03:09 - Other Income
03:46 - Total Tax Without RRSP Contributions
04:03 - Your Marginal Tax Rate
04:23 - Tax Saved per Dollar of RRSP Contribution
04:40 - Test Different RRSP Contribution Amounts
05:17 - Final Thoughts / Conclusion
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🔗 MENTIONED IN THIS VIDEO
► 2024 RRSPs - How Much Should You Contribute? - Blog Post
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► Wealthsimple Tax Calculator
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