If you invested $10 000 in an RRSP 30 years ago and it has a value today of $100000 ,what amount will you pay tax on when you withdraw it during your retirement years?
A) Only on the initial $10 000
B) Only on the $90 000 growth
C) On all $100 000 as it is withdrawn
D) There is no tax to be paid in retirement.
Correct Answer:
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