Which of the following has the benefit that your contributions reduce your tax consequence in the year when you make the contribution to your retirement account?
A)mutual fund
B)Roth IRA
C)exchange traded fund
D)RRSP

Question

Quizplus · Accepted Answer

RRSP (Registered Retirement Savings Plan) has the benefit that your contributions reduce your tax consequence in the year when you make the contribution to your retirement account. Mutual funds, exchange-traded funds, and Roth IRAs do not have this benefit.

Which of the Following Has the Benefit That Your Contributions