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Listen Which of the following statements about deferred profit - sharing plans ( DPSP ) are true? The annual maximum allowable contribution into a DPSP
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Which of the following statements about "deferred profitsharing plans" DPSP are true?
The annual maximum allowable contribution into a DPSP is onehalf of the annual maximum RRSP contribution limit
If the company does not make a profit in any year, the plan member must make the required contribution personally
There is no vesting period for a DPSP because the contributions are based on corporate profits
Employees can contribute to a DPSP
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