2007-03-19 08:14:27 · 4 answers · asked by pirateron 5 in Business & Finance ➔ Taxes ➔ Canada
I am not sure if you are asking about the tax implications of applying/purchasing an RRSP, or the tax sheltered interest earning capabilities of putting $5,000.00 into an RRSP.
2007-03-19 08:36:36 · answer #1 · answered by taxgal2007 5 · 1⤊ 0⤋
An RSP is like an account - you can hold different investments in it, like GICs, mutual funds, stocks, bonds, etc. So what you make depends on what you invest in.
2007-03-19 16:50:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on what you invested the $5000 in.
As for your tax refund, you'll get back an amount equal to your marginal tax rate.
2007-03-19 20:58:48 · answer #3 · answered by CanadianBlondie 5 · 0⤊ 0⤋
Depends upon the rate of return.
2007-03-19 15:18:54 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋