Aisha is a graduate and she starts her first job at ACC Software. One year later, Aisha joins her employer's Group Registered Retirement Savings Plan (Group RRSP). Aisha and her employer both contribute on a one-for-one basis, however, the employer limits their contribution to a maximum of 6% of Aisha's income. Aisha wants to contribute another 18% of her income. Which of the following statements about the contributions to Aisha's Group RRSP is correct? 

a) the contributions exceed the limits 

b) withholding tax will be applied to the contributions 

c) the contributions are within limits 

d) the employer's contributions will be locked-in

Answer rating: 100% (QA)

cthe contributions are within limits Contributions are made ... View the full answer