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Question 5 ( 1 point ) Which of the following is true of TFSA? It reduces tax payable on investment growth. The contributions cannot be

Question

5 (1

point

)

Which of the following is true of TFSA?

It reduces tax payable on investment growth.

The contributions cannot be withdrawn tax free.

The contributions are tax deductible.

Students can use the proceeds of a TFSA for education only.

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