RRSP

RRSP

KG - Professional Development

37 Qs

quiz-placeholder

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RRSP

RRSP

Assessment

Quiz

Professional Development

KG - Professional Development

Practice Problem

Medium

Created by

Prexa Patel

Used 1+ times

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37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How many types of RRSP Plans are there?

1

2

3

4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name the different types of RRSP Plans

Individual, Spousal

Individual, Locked in

Home Buyer's Plan, Lifelong Learning Plan

Individual, Spousal, Locked in

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What information can the contributor access?

Spousal plan account number

contribution date

contribution amount

Withdrawal Receipt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what age do clients become ineligible to open an RRSP product?

Over the age of 72

Over the age of 71

Over the age of 70

Over the age of 61

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What receipt is issued for RRSP withdrawals?

T2033

T5RSP

T4RSP

T2151

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are two RRSP withdrawals that are not taxed?

Marriage breakdown

Shortened life expectancy

Home Buyer's Plan & Lifelong Learning

Small amounts provision

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T5s are issued for RRSP Accounts

True

False

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