Technical question*
Taxpayer received employment insurance, which has a repayment rate of 30%.
He was employed for part of the year and received a severance - income around $78,000.
Made an RRSP contribution in the year. When the RRSP deduction is used it decreases his net income, therefore, decreasing his EI clawback.
(EI clawback is 30% on any dollar above the base rate - $64,625)
I am curious if this is common and if there are any issues with that?
Thanks kindly