Which of the Following Is True for a Registered Disability

question 14

Multiple Choice

Which of the following is true for a Registered Disability Savings Plan (RDSP) ?

• A)Contributions made to the plan are tax deductible.
• B)The annual maximum contribution is $17 750.
• C)Contributions can be made until the end of the year in which the beneficiary turns 59.
• D)All withdrawals made from the RDSP are tax free as long as the beneficiary receives the income.

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Definitions:

UA

An abbreviation that can refer to many things, depending on the context, such as Urinalysis, a common medical test.

Meaning

The significance, definition, or explanation of something.

Nephron

The basic structural and functional unit of the kidney, essential for filtering blood and producing urine.

Filtration

A process by which solid particles are separated from liquids or gases by passing the mixture through a filter that allows the fluid to pass but not the solids.