First-time purchase minimum $500; subsequent purchase minimum $100. Maximum annual investment for credit purchases $5,000.
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Amount of RRSP contribution and shares purchased(2)
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Taxable Income Level (1) (Based on 2009 Marginal Tax Rates) |
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This calculator is for illustrative purposes only. Individual circumstances may differ. Please see your financial advisor before investing.
- Taxable income is gross income less income deductions allowed by Federal and Saskatchewan income tax law.
- The RRSP contribution assumes that the investor is within his or her contribution limit.
- The Tax Credits are generally available where the investor has tax otherwise payable against which to offset the Tax Credits. The Tax Credits may be required to be repaid if the Common Shares are redeemed within the Hold Period.
- The income tax rates are based on the federal and Saskatchewan income tax legislation for 2009 tax tables and are the marginal tax rates for income other than capital gains and dividends for individuals resident in Saskatchewan.
- RRSP tax savings result from the RRSP deduction reducing taxable income and are calculated at the marginal income tax rates. RRSP tax savings are not unique to LSIFs and are available on any RRSP eligible investment, provided the investment is within the contribution limits. Income taxes are payable on the withdrawal of funds from RRSPs.
- An investor with taxable income below $22,500 will have a combined marginal federal and Saskatchewan personal income tax rate which may differ from the rate noted above due to the effect of the Saskatchewan Tax Reduction.