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:

Displaying Coded Sections

The process of organizing and presenting specific segments of data that have been categorized through coding within qualitative research.

Code-and-Retrieve Programs

Software tools used in qualitative research for organizing, coding, and retrieving data from text-based information.

Text

Written or printed words, especially the main body of work in books, documents, or other written materials.

Coding Categories

Classes or groups where data is organized during the analysis phase of a research to facilitate the identification of themes or patterns.