Which of the Following Is False Regarding RRSPs

question 18

Multiple Choice

Which of the following is false regarding RRSPs?

• A) Any unused RRSP deduction limit can be carried forward indefinitely.
• B) Mutual fund losses within RRSPs can be claimed on tax returns.
• C) All contributions to RRSPs are tax deductible.
• D) There is a deadline for investors to make their RRSP-eligible contributions.
• E) None of the above.

---

Definitions:

Permanent Tax

A tax implemented with no predetermined end date, often considered to be indefinitely applied.

Temporary Tax

A temporary tax is a levy imposed by a government for a specific period before it is automatically revoked or reassessed.

Major Export

The primary good or service sold by a country to foreign markets.

U.S.

The United States of America, a federal republic consisting of 50 states and a federal district.