Why Are Group RRSP/DPSP Combinations Popular in Canada

question 12

Multiple Choice

Why are group RRSP/DPSP combinations popular in Canada?

• A) No tax is paid at all and the money can be withdrawn any time after 5 years of retirement.
• B) They increase severance payments over and above the amount legislated.
• C) Employers' provide contribution to them at three times the employee contribution.
• D) No tax is paid until money is received from the plans at the time of the employee's death or termination of employment.
• E) Membership is automatic upon beginning employment with any registered employer in Canada.

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