If Your Spouse Has Predeceased You,RRSPs

question 64

Multiple Choice

If your spouse has predeceased you,RRSPs

• A)can pass to registered charities with no tax liability.
• B)are fully taxable.
• C)can pass to a dependent child with no tax liability.
• D)are taxed as capital gains.

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Definitions:

Virtual Goods

Items that are purchased in digital form, often within online communities or video games, which have no physical existence yet hold value for the purchaser.

Traditional Sweatshops

Workplaces that have very poor, socially unacceptable working conditions and may exploit workers.

Contingent Work

Employment arrangements that are temporary or freelance in nature, often without the long-term commitments or benefits associated with full-time work.

Third Sector

The segment of society that includes non-profit organizations and non-governmental entities that serve public interests and societal needs.