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Which of the following account types can not be used to fund a Registered Annuity? RRSP RRIF RPP TFSA 2- Which of the following statements

Which of the following account types can not be used to fund a Registered Annuity?

RRSP

RRIF

RPP

TFSA

2- Which of the following statements regarding a LIF is false?

LIFs are converted into a life annuity at age 80

LIFs can be funded by transferring funds from an RRSP

LIFs have a maximum withdrawal limit

LIFs convert funds from LIRAs into an income stream for the annuitant

3- Henry wants to establish one or more RESPs on behalf of his two children, Krista and Stephanie, as well as his niece, Rachel. Which of the following statements are TRUE?

Henry can establish a family RESP for Krista and Stephanie but must set up a separate plan for Rachel. Henry can establish a family RESP with Krista, Stephanie, and Rachel named as the beneficiaries. In the case of a new family plan, each beneficiary must not have reached 21 years of age when she is named as beneficiary. If one of the beneficiaries of the family plan does not attend post-secondary school, the accumulated income on contributions made on behalf of that child can be paid out to another beneficiary.

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