Regarding TFSA Accounts,which of the Following Is True

question 56

Multiple Choice

Regarding TFSA accounts,which of the following is true?

• A)Using your TFSA for tuition savings makes sense as long as the funds are replaced before the next term.
• B)If your TFSA investment deposit grows from $5000 to $10 000 you can withdraw only the $5000 deposit tax free.
• C)Using a TFSA account for your everyday banking would be a good way to avoid paying tax on the interest from your bank account.
• D)Using a TFSA account to hold a cashable GIC for an emergency will mean you do not have to pay tax on the interest earned.

Appreciate the relationship between environmental factors, personal traits, and creative processes.

Grasp how mental models can influence decision-making and how to mitigate their limiting effects.

Recognize and apply creative practices to enhance decision-making, including morphological analysis and cross-pollination.

Identify the importance of clearly defining problems and avoiding the tendency to preselect solutions.

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Definitions:

Assumption of Risk

A legal doctrine stating that an individual knowingly and voluntarily takes on the risks associated with an activity, relieving others of liability for harm that may result.

Take-Home Exposure

Refers to the transmission of hazardous substances from the workplace to an employee's home, potentially exposing family members to health risks.

Kesner v. Superior Court

A legal case that addressed the issue of duty of care in the context of secondary exposure to asbestos.

Employer's Duty

The responsibilities and obligations an employer has towards their employees, including providing a safe working environment.