Quote:
Originally Posted by Mike_W
Well its not quite like that as taxes are paid on a graded schedule but if someone earns over $300,000 in a year everything over $303,900 would be taxed at 48%.
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Not to sure about that, Both financial adviser and lawyer said the same. They also said, no one ever tell them the facts about when this happens.
Even a fellow I knew, when his wife passed on and moved her RRSP's
over it cost him 35% of her RRSP's to the government.