Kwok is a member of his employer's plan. The maximum contribution to the plan is not limited
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Kwok is a member of his employer's plan. The maximum contribution to the plan is not limited or defined in terms of other employer or registered plans, members of the plan can make tax-free withdrawals at any time, and the contributions are not locked in. What type of employer plan is Kwok a member of?
a)Group Tax-Fee Savings Account (Group TFSA)
b)Pooled Registered Pension Plan (PRPP)
c)Deferred Profit Sharing Plan (DPSP)
d)Group Registered Retirement Savings Plan (Group RRSP)
Related Book For
Managerial Economics Theory Applications and Cases
ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
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