What is the amount of the RRSP contribution he can make this year, including his salary up to the end of the current year?
After some discussion and completing questionnaire to determine Earnest’s risk tolerance for investments you agree on some assumptions; Earnest expects a nominal return of 6.25% annually during the accumulation phase Earnests expects a nominal rate of return of 5.5% annually during retirement Inflation is expected to be 1.75% His marginal tax rate is 32% Note: […]