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Evaluate the following statements as True or False regarding TFSA and RRSP in Canada, and mark all True statements. ( mark none, if no statement
Evaluate the following statements as True or False regarding TFSA and RRSP in Canada, and mark all "True" statements. mark none, if no statement is true a
RRSP contributions can be deducted from your taxable income, lowering your tax for that year.
b
Contributions to a TFSA are not taxdeductible, but the investments grow taxfree within the account.
c
Withdrawals from a TFSA are considered as taxable income.
d
You can contribute to your RRSP until December of the year you turn years old.
e
There is no limit on how much you can contribute to a TFSA annually.
f
RRSPs allow you to withdraw money at any time without any tax implications.
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