Which Is a Key Difference Between RRSPs and TFSAs

question 25

Multiple Choice

Which is a key difference between RRSPs and TFSAs?

• A)TFSA withdrawals are taxed.
• B)RRSPs' contribution limit accumulates.
• C)TFSAs give tax deductions on contributions.
• D)RRSP withdrawals are taxed.

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Definitions:

Near-death Experiences

Profound psychological events that may occur to a person close to death or in situations of extreme physical or emotional crisis.

Hallucinations

Sensory experiences that appear real but are created by the mind, without any external stimuli.

Females

Individuals of the sex that typically possess two X chromosomes and are capable of bearing offspring or producing eggs.

Males

The term refers to the male gender or individuals who are biologically characterized by the XY chromosome pair.