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What is the impact on an RRSP holder if an investment purchased in 2020 for the RRSP becomes a non-qualified investment? a. Penalty tax of

What is the impact on an RRSP holder if an investment purchased in 2020 for the RRSP becomes a non-qualified investment? 


a. Penalty tax of 10% of the fair market value of the investment sold. 


b. Corresponding reduction in the maximum amount of allowable tax-deductible contributions to the RRSP. 


c. Refund of previously charged tax amounts.


d. One-time tax of 50% of the fair market value of the investment

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