Which of the following causes our current tax system to resemble a consumption tax
A)GST
B)PST
C)RRSP accounts
D)savings accounts

Name: Which of the following causes our current tax system to resemble a consumption tax A)GST B)PST C)RRSP accounts D)savings accounts
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Question

Quizplus · Accepted Answer

RRSP accounts allow individuals to defer taxes on income until it is withdrawn, similar to how consumption taxes are applied when money is spent rather than when it is earned.

Which of the Following Causes Our Current Tax System to Resemble