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Which of the following statements about CPP employee contributions is TRUE? a ) They may be deducted from the employee's current taxable income. b )
Which of the following statements about CPP employee contributions is TRUE?
a They may be deducted from the employee's current taxable income.
b They result in a nonrefundable federal tax credit on the base contributions only.
c They reduce the amount that the contributor is permitted to contribute to an RRSP
d They may be refunded if the employee terminates his job.
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