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• A) No tax is paid at all and the money can be withdrawn any time after 5 years of retirement.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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Definitions:

Stressors

Factors or stimuli that cause stress, eliciting a physiological or psychological response in an individual.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, behaviors, and emotions.

Environmental Events

Occurrences within an environment that can have significant impacts on individuals, communities, or ecosystems.

Induce Stress

The act of causing a physical or psychological strain or tension in an individual or group.