Megan, age 40, has the following assets: $20,000 in mutual funds in an RRSP $17,500 in a non-registered 5-year GIC, purchased last year $38,400 in a LIRA $58,490 in an RPP Megan needs $12,000 to purchase a new car. Which account should she withdraw from in order to facilitate her car purchase? 

A) GIC 

B) LIRA 

C) RPP 

D) RRSP

Answer rating: 100% (QA)

Out of the listed options the best account for Megan to withdraw from to minimize tax implications i... View the full answer