Multiple Choice
In Canada, registered retirement savings plans (RRSPs) have grown significantly over the past few years. What is a key reason for this growth?
A) Minimum wage earners now have more disposable income and they are contributing.
B) The funds accumulate tax-free until they are withdrawn.
C) The rich-poor gap is narrowing, thus people have more money to invest.
D) RRSPs are a part of stock plans, which are growing.
Correct Answer:
Verified
Correct Answer:
Verified
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