question archive Which of the following best describes the tax implications of a tax-free savings accounts (TFSA)? a) Contributions into the plan are tax-deductible and income earned is taxable
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Which of the following best describes the tax implications of a tax-free savings accounts (TFSA)?
a) Contributions into the plan are tax-deductible and income earned is taxable.
b) Contributions into the plan are tax-deductible and income earned in not taxable.
c) Contributions into the plan are not tax-deductible and income earned is taxable.
d) Contributions into the plan are not tax-deductible and income earned is not taxable.