Susan contributed $6,000 every year to a spousal RRSP from February 28, 2002 to February 28, 2017 for the 2013 tax year. If she stops contributing, when can her spouse withdraw funds without triggering income attribution rules? a. January 1, 2019 b. January 1, 2020 C. March 1, 2019 d. March 1, 2020 Which of the following is true regarding winding up an RRSP account? a. An RRSP must be wound up in the year the taxpayer turns 70. b. Once wound up retirees could cash in their entire RRSP, pay tax on it and buy a Ferrari. c. You can buy a DPSP. d. You can transfer the amount into another RRSP. Faaz withdraws $7,000 from his RRSP. What is the withholding tax amount that must be held back by the financial institution from which he made the withdrawal? a. $0 b. $1,400 c. $500 d. $900 Natasha owns 400 shares of Magna Stock with a current market value of $90 a share. She originally paid $60 share for the 400 shares. If she decides to place these stocks in her RRSP account, how much tax will she have to pay, if any, on the contribution if her marginal tax rate is 45%? a. $5,400 b. Nothing, as RRSP contributions are tax deductible. C. $10,800 d. $2,700 Which of the following is true about the Canada Education Savings Grant (CESG)? a. The grant is available to children who have an RESP or an in-trust account set up for them. b. The grant is available to all qualifying RESP beneficiaries under the age of 21. C. The grant is 20% on the first $2,500 of annual contributions. d. There is no lifetime limit for the CESG. There is only an annual limit of $500