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:

Professional Networks

Online platforms or offline groups that connect individuals within the same industry or profession for networking, opportunities, and knowledge exchange.

Social Networking

The use of internet-based applications and websites to build social relations with others who share similar interests or activities.

Professional Messaging Guidelines

A set of rules or suggestions designed to enhance effective and appropriate communication in a professional context.

Abbreviations

Shortened forms of words or phrases used to simplify communication, often consisting of the initial letters of a series of words.