1) Pensioners must start receiving their Old Age Security (OAS) pension benefits at age 60. a) True b) False 2) Josh and Erica are signing the real estate papers tomorrow on the purchase of their first home. They both have Registered Retirement Saving Plans (RRSPs) and are looking to use the Home Buyer's Plan (HBP) to make their down payment. As of today, March 23, 2020, the market value of Josh's RRSP is at $24,455 and Erica's is at $35,798, what is the maximum amount they can currently withdraw from their respective RRSPs through the HBP for the total down payment on a house that was just listed for sale? (see Table E) a) $59,455 b) $57,455 c) $70,000 d) $60,253 e) $50,000 3) Which statement is incorrect? a) Tax-Free Savings Account (TFSA) contributions do not give a tax deduction. b) Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Accounts (TFSA) contribution limits accumulate if contributions are not made. c) The last day you can make contributions to your Registered Retirement Savings Plan (RRSP) is December 31" in the year you turn 71 years old. d) Registered Retirement Savings Plan (RRSP) contributions start at age 18. e) The Home Buyers' Plan (HBP) allows you to withdraw money, (to a certain limit) from your RRSP to help finance the purchase of your first home. 4) You refuse to get in the car with Catherine as she texts constantly and has already received two tickets for texting while driving. She also received a criminal conviction for Driving Under the Influence (DUI). She thinks she is unlucky at the wheel when in fact she is a careless and thoughtless driver. Her current car insurer has refused to renew her car insurance and other car insurance companies have turned her down. Since she is now faced with the inability to qualify for a standard policy due to the label of being a high-risk driver, she must now turn to what's called the auto insurer of last resort: a) Criminal Code Insurance b) Insurance Endorsements c) Somprehensive Severage d) Facility Association e) Third Party Liability Coverage 5) Which statement is correct regarding homeowner's insurance? a) Replacement cost policy pays the homeowner the cost of replacing the damaged property with an item of a similar brand and quality. b) Homeowner's policy specifies a deductible that the homeowner is responsible for paying before any insurance coverage is provided by the insurer. c) Homeowner's insurance provides insurance in the event of property damage, theft, or personal and third-party liability relating to home ownership. d) The mortgage lender typically requires that the homeowner's insurance policy covers at least the mortgage. e) All the above