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answered Jun 06, 2016 07:46 PM by
Jin Won Choi gravatar image Administrator

Hi Burt, welcome to the site.

The reason why I ask for the portion of income saved, is because that's how the algorithm determines how much savings you would have when you retire. With greater savings, RRSPs become more tax inefficient because as you withdraw more money during retirement, you will belong to higher tax brackets. You don't need to be precise about your answer - a rough guess should suffice.

Hope that helps,

Jin

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