14. Which of the following are true regarding RRSPS? a. Unmatured RRSPs are RRSPs that are paying retirement income. b. Employers cannot make contributions to employee RRSPs. c. Unlike registered plans, funds in RRSPs can be withdrawn at any time and are taxable when withdrawn. d. All of the above are true. 15. Audrey opened a TFSA and deposited $5,000 in 2009, $5,000 in 2010 and invested in Big Growth Shares which pays no dividends but which will, hopefully produce a capital gain. And, as luck would have it, by October, 2010, Audrey's shares were worth $27,000 -just the amount she needs to take that one-in-a-lifetime cruise of the Nile. If she had withdrawn the total value of the shares in 2010, how much can Audrey deposit in her TFSA in 2011? a. $5,000 b. $15,000 C. $27,000 d. $32,000 16. The main difference between a LIRA and a LIF is: a. There is no minimum withdrawal from a LIRA. b. A LIRA does not pay out income. C. A LIF must sometimes be used to purchase a life annuity at age 80 while a LIRA must be used to purchase a life annuity at age 71. d. With a LIRA, the owner can choose the investments while this is not true for a LIF. 17. Charley, age 32, was in a motorcycle accident. His injuries were such that he will be receiving monthly, non-taxable benefits from his insurance company for many years to come. His only taxable income is the CPP Disability Benefit of about $13.000 a year. What is the maximum CDSG and CDSB he can collect if he contributes $1.500 to a Registered Disability Savings plan? e. $2,600 f. $1,000 g. $3,500 h. $4,500 18. Ingrid transferred her RRSP to a RRIF on December 22, 2019 when she was 63. Her birthday is July 4. There was $200,000 in the RRIF at January 1, 2020. The fund earned 5% for the year 2020. On December 29, 2020, Ingrid made the minimum withdrawal of: a. $7,407 b. $7,778 c. $7,692 d. $8,077