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Angela is a top performing sales executive at ABC Solutions. As a means to retain her with the company, her employer is considering setting up
Angela is a top performing sales executive at ABC Solutions. As a means to retain her with the company, her employer is considering setting up a retirement compensation arrangement (RCA) for Angela. Which of the following would be a disadvantage to setting up an RCA for Angela? a) The RCA contributions will limit the amount that Angela can contribute to her own RRSP. b) Since the funds with an RCA are held by a custodian, the funds are not protected from ABC Solutions' creditors. c) About 50% of the funds in an RCA held by the CRA does not pay interest. d) There are numerous investment restrictions for the funds within the RCA investment account
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