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have what effect on his net income for 2021?

have what effect on his net income for 2021?

Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter7: Tax Credits
Section: Chapter Questions
Problem 21MCQ: Virginia and Richard are married taxpayers with adjusted gross income of $28,000 in 2019 If Virginia...
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Parviz withdrew $15,000 from his RRSP under the Home Buyers' Plan in 2019 and used the funds for a down payment on a qualifying home. He made a repayment of $700 in 2021. Taking into consideration his repayment, his Home Buyers' Plan will have what effect on his net income for 2021?
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