Which of the statements is true with regard to contributions

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Problem 1: With regard to contributions into a defined benefit pension plan, which of the following statements is/are true?

I. The employer's contribution matches the amount contributed by the employee.

II. The employer is responsible for the plan's solvency.

III. Employer contributions into the plan are a tax-deductible business expense, if the contribution calculation adheres to CRA's prescribed guidelines.

IV. Any shortfall in funding for the pension plan is the employer's responsibility.

Reference no: EM132813155

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