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Which of the Following Is True When Comparing RRSPs and TFSAs

Question 5

Multiple Choice

Which of the following is true when comparing RRSPs and TFSAs?


A) An RRSP is generally considered to be a more flexible account than a TFSA.
B) A TFSA is generally considered to be a more flexible account than an RRSP.
C) TFSAs should be used primarily for short and long term saving needs instead of long term retirement savings.
D) RRSPs should be used primarily for short and long term saving needs instead of long term retirement savings.

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