Which of the following is an advantage of a spousal RRSP?

a. Couples may be able to equalize their RRSP assets, which can lead to income splitting opportunities in retirement.

b. A spouse who is not yet 71 can contribute to the spousal RRSP of a spouse who has passed age 71.

c. The contributing spouse has the option to become the annuitant of the other spouse's spousal RRSP.

d. The lower-income spouse receives a tax deduction for contributions made.

2. Compared to an RRSP, what is a distinguishing feature of a TFSA?

Group of answer choices

The growth on savings is tax deferred.

Unused contributions can be carried forward.

Withdrawals can be re-contributed.

It can be used for long-term savings.