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Which of the following statements about Individual Pension Plans ( IPP ' s ) is false? An IPP is most suitable for a business owner

Which of the following statements about Individual Pension Plans

(

IPP

'

)

is false?

An IPP is most suitable for a business owner or executive, aged

45

and older

An IPP allows contributions greater than the yearly maximum RRSP contribution amount

An IPP is a type of "defined contribution" pension plan

An IPP is a retirement benefit that is based on career average earnings

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