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Features of a registered retirement savings plan

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Reference no: EM132893622

Which of the following features of a Registered Retirement Savings Plan (RRSP) is not an advantage for the owner?

Assets inside the account grow tax-free until withdrawal

The opportunity to transfer all the assets in the account to a Registered Retirement Income Fund (RRIF)

Potential withholding tax applicable if funds are withdrawn early

All allowable contributions are tax-deductible

Reference no: EM132893622

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