_____________ are retirement plans sponsored by employers that are registered according to the Income Tax Act and subject to Federal and Provincial pension standards legislation.

Question

Quizplus · Accepted Answer

Registered Pension Plans (RPPs) are specifically mentioned as retirement plans sponsored by employers that are registered according to the Income Tax Act and subject to Federal and Provincial pension standards legislation. Non-registered Retirement Savings Plans (RRSPs) and Non-registered Pension Plans do not fall under these same regulations. Registered Retirement Savings Plans (RRSPs) are also registered according to the Income Tax Act, but they are not employer-sponsored.

_____________ Are Retirement Plans Sponsored by Employers That Are Registered