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Lydia wants to transfer units of her Sussex Growth Fund to her registered retirement savings...

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Lydia wants to transfer units of her Sussex Growth Fund to her registered retirement savings plan (RRSP) as her RRSP contribution. The current market value is $10,600 and the cost of the units is $4,500.

Which of the following statements is CORRECT?

A.

Lydia is only permitted to contribute cash to her RRSP not units of her mutual fund.

B.

Lydia's RRSP contribution will be valued at $4,500.

C.

Lydia's RRSP contribution will be valued at $10,600.

D.

Lydia will incur a capital gain of $4,500 from the contribution.

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