(Samuel works for a major company offering a GRRSP and a group TFSA.

IFSE Institute LLQP Question Answer

(Samuel works for a major company offering a GRRSP and a group TFSA.

How do Samuel’s contributions to the GRRSP differ from his contributions to the group TFSA?)

Samuel’s contributions to the GRRSP are made with money already taxed, while TFSA contributions are deductible.

Samuel’s contributions to the group TFSA are made with money already taxed, while GRRSP contributions are deductible.

GRRSP contributions are subject to an annual limit; group TFSA contributions are not.

TFSA contributions are deducted from pay each period; GRRSP contributions are made once a year.

LLQP PDF/Engine

Get 65% Discount on All Products, Use Coupon: "ac4s65"