Tax-Free Withdrawals Can Be Made from an RRSP Under Which

question 34

Multiple Choice

Tax-free withdrawals can be made from an RRSP under which of the following circumstances?

• A)Each spouse can withdraw $40 000 tax-free for the purchase of a house.
• B)You can withdraw $10 000 under the Lifelong Learning Plan to educate your children.
• C)You can withdraw any amount necessary to pay off your mortgage if over 55 years of age.
• D)You can withdraw $10 000 for two years for your spouse to be a full time student.

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