RRSP Contribution Room

question 38

Multiple Choice

RRSP contribution room

• A)can be carried forward until age 71.
• B)is eliminated each year if it is not used.
• C)can be carried forward until age 65.
• D)can be used until age 75 as long as you have earned income.

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Definitions:

Price Floor

A legal minimum price below which a good or service cannot be sold.

Pharmaceutical Companies

Pharmaceutical companies are businesses licensed to research, develop, market, and distribute drugs, typically in the context of healthcare.

Competitive Market

A market structure where numerous buyers and sellers interact, and no single buyer or seller can influence the price of a good or service, leading to an efficient allocation of resources.

Drug Sales

The commercial activity of selling medications, including both prescription drugs and over-the-counter products.