Personal pension plans ________.
A)are different from RRSPs
B)cannot be converted to annuity or a RRIF on retirement
C)provide tax-sheltered, self-financed retirement funds
D)are government-administered

Question

Quizplus · Accepted Answer

Personal pension plans are not government-administered and provide tax-sheltered retirement funds that are self-financed. They can also be converted to an annuity or a RRIF on retirement. They differ from RRSPs, which are a form of personal savings account.

Personal Pension Plans ________