Which of the Following Is FALSE Regarding Tax Free Savings

question 2

Multiple Choice

Which of the following is FALSE regarding Tax Free Savings Accounts (TFSAs) ?

• A)Capital gains earned within TFSAs are not taxed.
• B)TFSA contributions are tax deductible.
• C)Any unused amounts not contributed in a year may be carried forward indefinitely to future years.
• D)There is no mandatory age by which a TFSA must be wound up.

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Definitions:

Oxytocin

A hormone and neurotransmitter often associated with bonding, social behaviors, and reproductive actions.

Serotonin

A neurotransmitter that plays a key role in mood regulation, digestion, sleep, and various other bodily functions.

Tolerance for Frustration

Refers to an individual's ability to endure and manage stressful or irritating situations without becoming overwhelmed.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues, as well as promoting secondary sexual characteristics such as increased muscle and bone mass, and the growth of body hair.