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Exam CIFC Topic 1 Question 84 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 84
Topic #: 1
Which statement about unused registered retirement savings plan (RRSP) contribution room is CORRECT?

Suggested Answer: B Vote an answer

Explanation
Unused RRSP contribution room is the amount of RRSP contributions that you did not deduct in previous years and are available to deduct in the current year. Unused RRSP contribution room can be carried forward to future years indefinitely, until you use it up or reach the age of 71. You can find your unused RRSP contribution room on your notice of assessment or by logging into your Canada Revenue Agency account.
References: What to do with unused RRSP, PRPP or SPP contributions

by Meroy at Jun 15, 2024, 04:48 AM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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