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  3. 5. mary was born in 1992. she made the following d

5. Mary was born in 1992. She made the following deposits and withdrawals to her...

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Accounting

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5. Mary was born in 1992. She made the following deposits and withdrawals to her TFSA: 2009 2010 2011 2014 Year Withdrawal Deposit 2012 $1,000 $5,000 2013 $1,500 $6,000 $0 2015 $4,000 $8,000 2016 $3,000 $9,000 $3,000 $7,000 How much can Mary deposit to her TFSA in 2020? (4 marks) 3. When Leslie retired at age 65, her sheltered savings provided her with a before-tax income of $42,000 p.a. This was based on the assumption she would live to age 95 and would leave no estate. Her RRSP investments were earning 5%. She died at age 85 and her nephew, Robin, inherited the balance of her RRSP. How much did he receive from the RRSP after tax if her marginal tax rate is 37% and his marginal tax rate is 45%

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