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:

Parenting Responses

The actions or reactions of parents in response to their child's behavior, needs, or emotional states, which play a crucial role in the child's development and wellbeing.

Moral Reasoning

The process of determining right and wrong in situations, guided by personal, societal, or ethical principles.

Males

Refers to the male gender or individuals who are biologically identified as male.

Females

Refers to the sex of an organism, or a part of an organism, which is biologically capable of producing eggs or bearing offspring.