Which of the Following Is an Important Factor to Consider

question 71

Multiple Choice

Which of the following is an important factor to consider in deciding between saving in a TFSA account or an RRSP account?

• A)Your tax bracket
• B)The appropriate risk level
• C)Tax sheltering of investment income
• D)The types of investment vehicles

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Definitions:

Financial Incentives

are monetary rewards given to motivate or encourage specific behaviors or outcomes.

Unattainable Ideal

A standard or goal that is impossible to achieve, often leading to disappointment or continuous striving.

Sustained Success

Achieving and maintaining a high level of performance or accomplishment over an extended period of time.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered to be a drive or need present in everyone.