Multiple Choice
Why are group RRSP/DPSP combinations popular in Canada?
A) No tax is paid at all and the money can be withdrawn any time after 5 years of retirement.
B) They increase severance payments over and above the amount legislated.
C) Employers' provide contribution to them at three times the employee contribution.
D) No tax is paid until money is received from the plans at the time of the employee's death or termination of employment.
E) Membership is automatic upon beginning employment with any registered employer in Canada.
Correct Answer:
Verified
Correct Answer:
Verified
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