An RPP Differs from an RRSP in That

question 16

Multiple Choice

An RPP differs from an RRSP in that

• A)earnings on the RPP are tax free after five years.
• B)contributions may exceed $2,000 in the RRSP.
• C)an RRSP is set up by an employer for an employee.
• D)An RPP is set up by an employer for an employee.
• E)funds are only to be used for education expenses

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Definitions:

Mashed Foods

Foods that have been crushed or ground into a soft, smooth consistency, commonly prepared for infants or individuals with difficulty chewing.

Bananas

A type of fruit that is elongated and curved, with soft flesh rich in starch covered by a rind, which may be green, yellow, or brown when ripe.

Peas

Small green seeds or the seed-pods of the Pisum sativum plant, commonly eaten as a vegetable.

Harry Harlow

A renowned psychologist known for his research on maternal separation and social isolation in rhesus monkeys.