Marijona meets with her insurance agent, Herkus. to open a Tax-Free Savings Account (TFSA). Marijona recently retired and, in addition to her employer pension payments. She also receives Canada Pension Plan (CPP) and Old Age Security (OAS). When Marijona asks Herkus to explain TESA accounts to her, which of the following explanations is CORRECT? Contributions made to a TFS are tax deductible TESA withdrawals are not considered Income and will not affect OAS benefits. TFSA contribution limits are based on the previous year's earned income Unused TFSA contribution room cannot be carried forward to future years b) 18288 Neal meets with Barney, an insurance agent to complete the purchase of a segregated fund contract. Neal brings in a cheque for $75,000 and $10,000 in cash to deposit to his Registered Retirement Savings Plan (RRSP) which will be invested in the segregated fund. This is Neal's first transaction with Barney. Which of the following CORRECTLY describes Barney's obligations with respect to Neal's deposit Barney is required to determine if Neal is acting on instructions from a third party Barney must determine whether Neal is a politically exposed foreign person, Barney is required to keep records about Neal and the transaction. Barney is required to complete a large cash transaction reporti b) Da Jack and Marta are a married couple planning their retirement Jack has a higher marginal tax rate (MTR) and is a member of his employer's pension plan. Marta has a lower MTR and a small registered retirement savings plan (RRSP). They want to transfer the lump-sum in Jack's pension to an annuity which will provide income to both Jack and Marta with payments to continue to the surviving spouse should one of them pass away. Which of the following is the BEST option for Jack and Marta? a joint and last survivor term annuity term annuity to age-90 (T-90) a joint and last survivor life annuity Single life annuity with a guaranteed payment and Marta as Deneficiary Ob) O Ody