Income from Which of the Following Sources Would Have No

question 47

Multiple Choice

Income from which of the following sources would have no impact on OAS clawback?

• A)Tax free savings account (TFSA)
• B)Locked-in retirement account (LIRA)
• C)Canada Pension Plan
• D)Spousal RRSP

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Definitions:

Sugar Cane

Sugar cane is a tropical grass native to Southeast Asia, widely cultivated for its juice from which sugar is processed, playing a significant role in global sugar production.

Indentured Servants

Workers who agreed to work for a certain period of time in exchange for passage to the New World and eventual freedom.

Diversified Economy

A diversified economy is one with a variety of sectors, industries, and activities that contribute to its growth, reducing reliance on any single economic sector.