$2)$ Rachel just retired at age $71.$ She has worked hard as a teacher and is entitled to a nice teaching pension. During her working years, she was also able to contribute a total of $$315,000$ to her Registered Retirement Savings Plan $($RRSP$).$ As of today, the market value of her RRSP is $$823,214.$ She has not withdrawn any amounts from this account since she opened it $46$ years ago. Which amount will she pay tax on when she withdraws?

a$)$ Only on the initial investment of $$315,000$

b$)$ Only on the growth $($i$.$e$.$ difference between the market value and her initial investment$)$

c$)$ On the amount she withdraws

d$)$ There is no tax to be paid in retirement

e$)$ If she converts her Registered Retirement Savings Plan $($RRSP$)$ to a Registered Retirement Income Fund $($RRIF$),$ she will never pay taxes on the yearly minimum withdrawn amount