Characteristics RESP RRSP TFSA Earnings accumulate tax free within the plan Contributions to the plan are deductible Withdrawals of earnings from the plan are taxable Withdrawals of principle from the plan are taxable Government contributes to the plan

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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please entering T(true) and F(false)

Characteristics
RESP
RRSP
TFSA
Earnings accumulate tax free within the plan
Contributions to the plan are deductible
Withdrawals of earnings from the plan are taxable
Withdrawals of principle from the plan are taxable
Government contributes to the plan
Transcribed Image Text:Characteristics RESP RRSP TFSA Earnings accumulate tax free within the plan Contributions to the plan are deductible Withdrawals of earnings from the plan are taxable Withdrawals of principle from the plan are taxable Government contributes to the plan
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