If You Want to Use Funds from Your RRSP for Furthering

question 17

True/False

If you want to use funds from your RRSP for furthering your education,the Lifelong Learning plan is the only way to get at that money without paying full tax on it.

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Definitions:

Regressive Taxes

Taxes that take a larger percentage of income from low-income earners than from high-income earners, disproportionally burdening the former.

Feudalism

A medieval European social system in which land was held by nobles in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants were obligated to live on their lord's land and give him homage, labor, and a share of the produce.

Expansion Of Exploration

The process or act of searching for new knowledge, resources, or territories.

Subsequent Increasing Demand

Refers to the phenomenon where demand for a product or service increases following a certain event or development.