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Raymond made his annual RSP contribution of $4299 and decided to use the proceeds to...

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Finance

Raymond made his annual RSP contribution of $4299 and decided to use the proceeds to purchase a Labour Sponsored Venture Capital Corporation. He lives in a province with a 8% provincial LSVCC tax credit and his marginal tax rate is 46%. What will Raymond's total tax refund be on this RSP contribution and purchase?

Please provide answer to 2 decimal places (e.g. 1234.56)

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