What Happens If People Do Most of Their Saving Through

Multiple Choice

What happens if people do most of their saving through RRSP accounts

A) Their tax bill will reflect a lower return on savings than would otherwise be the case.
B) Their tax bill is largely based on consumption rather than income.
C) Even though taxes are deferred to some later date, their after-tax lifetime income is unchanged.
D) Tax-deferred savings plans will increase tax equity.