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Which of the following describes tax free savings account (TFSA) contributions in 2021? Multiple Choice If acontribution was not made, the opportunity to contribute in

Which of the following describes tax free savings account (TFSA) contributions in 2021?

Multiple Choice

If acontribution was not made, the opportunity to contribute in respect of 2021 would be permanently lost.

The contribution limit would be reduced by amounts contributed to a registered retirement savings plan (RRSP) or registered education savings plan (RESP).

The contribution would be limited to 18% of the individual's earned income, a defined term, in 2020.

An individual could contribute up to $6,000 to each of their own and their spouse's TFSA.

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