Do I understand the dangers of high marginal rates of taxation? (telegraph.co.uk)
Individuals who make the lowest amount of income are placed into the lowest marginal tax rate bracket, while higher earning individuals are placed into higher marginal rate tax brackets. (investopedia.com)
I would insist that RSPs do remain a cash grab for the government when people die with no surviving spouse and still have money in their RSPs or RIFs, ALL of which is then taxed at highest marginal rate, which can be very high. (highinterestsavings.ca)