Sloan is looking to invest in an RSP to help save for her retirement. She recently graduated from university and has been working full time for the past two years. She made $$75,000$ and $$78,000$ in salary, the past two years, respectively. She has never contributed to an RSP before, but has heard that they are a great savings tool for retirement. Please answer the following questions:

a$)$ What are the tax benefits of an RSP

b$)$ What are the tax penalties for withdrawing money from an RSP c$)$ What is Sloan$$s RSP contribution limit for this year?

d$)$ You discover that Sloan does not have a TFSA either. Explain to Sloan what a TFSA is and why it might be a good idea to max out her TFSA first before investing in an RSP