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Question 34/72
Which statement about unused registered retirement savings plan (RRSP) contribution room is CORRECT?
Correct Answer: B
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
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
- Question List (72q)
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- Question 2: Gregory is a conservative investor who wants to hold a portf...
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- Question 29: Ellen and her only son Jeff live on the family farm with her...
- Question 30: Your client Charlie is thinking about making a large investm...
- Question 31: Your clients, Jessica and Ken, want to buy a house next year...
- Question 32: Jonathan is a Dealing Representative who has just finished a...
- Question 33: Which of the following statements about your mutual fund reg...
- Question 34: Which statement about unused registered retirement savings p...
- Question 35: Last year Peter's earned income from employment was $50,000....
- Question 36: Marta is turning 71 years old this year. She will have to co...
- Question 37: One of your clients, Harry, has heard that he can defer payi...
- Question 38: Your client, Cosmo, recently inherited $50,000 from his uncl...
- Question 39: Which of the following is a conflict of interest that should...
- Question 40: Lucas wants to participate in the Lifelong Learning Program ...
- Question 41: With respect to the tax treatment of dividends received from...
- Question 42: Karen's know your client (KYC) profile corresponds to someon...
- Question 43: Frederic recently sold his units in a US dollar (USD) denomi...
- Question 44: When you buy a put option, which of the following is TRUE?...
- Question 45: Quinton, a Dealing Representative, meets with his client Ban...
- Question 46: Sylvia decided to use the savings from her bank account to p...
- Question 47: Which of the following qualifies as personal information und...
- Question 48: Sean purchases 500 units of Penn Canadian Equity Fund when t...
- Question 49: Which of the followings describes segregated funds?...
- Question 50: Which of the following is included when calculating a countr...
- Question 51: In which of the following situations would the client mobili...
- Question 52: Your client, Kimberly has investments in both registered and...
- Question 53: Which among the following BEST describes a company's income ...
- Question 54: Portia is a Dealing Representative with Highview Wealth Inc....
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- Question 56: Jabir recently joined Prosper Wealth Inc. and is looking for...
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- Question 59: You are meeting a potential client, William, for the first t...
- Question 60: Daisy is a Dealing Representative registered in the province...
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- Question 63: Janine will celebrate her 71st birthday this year. She curre...
- Question 64: Which of the following statements best describes dollar-cost...
- Question 65: Which of the following CORRECTLY describes a material confli...
- Question 66: Which of the following is a characteristic of a bond fund?...
- Question 67: In a mutual fund dealer, who is the person responsible for e...
- Question 68: Jasmine received an inheritance from her grandmother of $10,...
- Question 69: Last year at age 70, Gregory opened a registered retirement ...
- Question 70: One of your clients, Rakesh, had a portfolio composed of 60%...
- Question 71: Xerxes, 45 years old, is a successful architect, having an a...
- Question 72: Throughout the year, the Redwood Global Equity Fund generate...
