Question
You can withdraw from your _______________________ with no tax impact but if you withdraw from your________________ you must include the amount on your tax return
You can withdraw from your _______________________ with no tax impact but if you withdraw from your________________ you must include the amount on your tax return and pay taxes on it, the same applies when you convert it to a ________________ .
a)Tax-Free Savings Account (TFSA); Registered Retirement Savings Plan (RRSP); Registered Retirement Income Fund (RRIF)
b)Tax-Free Savings Account (TFSA); Registered Retirement Income Fund (RRIF); Registered Retirement Savings Plan (RRSP)
c)Registered Retirement Income Fund (RRIF); Tax-Free Savings Account (TFSA); Registered Retirement Savings Plan (RRSP)
d)Registered Retirement Savings Plan (RRSP); Tax-Free Savings Account (TFSA); Registered Retirement Income Fund (RRIF);
e)Registered Retirement Savings Plan (RRSP); Registered Retirement Income Fund (RRIF); Tax-Free Savings Account (TFSA)
Is the answer A or B ??
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
