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Victoria uses the funds from her registered retirement savings plan (RRSP) to purchase a registered life annuity. Which of the following statements about the taxation
Victoria uses the funds from her registered retirement savings plan (RRSP) to purchase a registered life annuity. Which of the following statements about the taxation of the annuity payments is true? a. Victoria will be taxed only for the interest portion of the annuity payment. b. Victoria will be taxed for 50% of the payments received from the annuity. c. Victoria will be charged a withholding tax for every payment she receives. d. Victoria will be taxed for the entire annuity payment she receives.
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