William is a member of a capital accumulation plan (CAP) through his employer. Only his employer is

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William is a member of a capital accumulation plan (CAP) through his employer. Only his employer is eligible to make contributions to the plan. His employer was also responsible for choosing the available investment options. However, it is up to William to decide which of the available investments he will hold. What type of plan does William’s employer offer?

a) defined benefit pension plan (DBPP)

b) deferred profit sharing plan (DPSP)

c) group registered retirement savings plan (GRRSP)

d) defined contribution pension plan (DCPP)

Posted Date: Oct 18, 2021 11:27 PM

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William is a member of a capital accumulation plan (CAP) through his employer. Only his employer is

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Correct answer is c From ... View the full answer

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