100 questions and answers Each item is a 4-option MCQ. Open a question, tap A–D. Green is correct, red is wrong. Original practice — not an official paper.
1. Revision notes for TFSA and RRSP should list A) only motivational quotes B) 50 copied PDFs unread C) definitions, exceptions, and one worked example D) someone else’s login
Tap A, B, C or D.
Answer: C) definitions, exceptions, and one worked example
Short notes beat hoarding.
2. Sleep before a TFSA and RRSP paper usually beats A) an all-night first reading of the syllabus B) skipping breakfast only as a strategy C) arriving without ID D) both of those and more
Tap A, B, C or D.
Answer: A) an all-night first reading of the syllabus
Tired brains drop easy marks.
3. On the day of TFSA and RRSP, arrive A) exactly as the bell rings B) without the admit card C) with time to find the room and ID check D) with a banned device
Tap A, B, C or D.
Answer: C) with time to find the room and ID check
Centres start on time.
4. After TFSA and RRSP results, the next step is often A) deleting the certificate B) a published admission, remark, or next paper C) ignoring official email D) paying a stranger to “upgrade” marks
Tap A, B, C or D.
Answer: B) a published admission, remark, or next paper
Use official portals.
5. Scholarships linked to TFSA and RRSP have A) their own forms and dates B) the same form as a driving licence C) no eligibility rules D) automatic award to every candidate
Tap A, B, C or D.
Answer: A) their own forms and dates
Read the scholarship page separately.
6. University offers that mention TFSA and RRSP grades are A) verbal promises in a corridor B) a social-media poll C) a bank SMS D) conditional on the published offer letter
Tap A, B, C or D.
Answer: D) conditional on the published offer letter
Keep the offer PDF.
7. Worked examples on this TFSA and RRSP page use A) original numbers, not a leaked script B) a photocopied board paper C) a paywalled dump D) a scanned teacher copy
Tap A, B, C or D.
Answer: A) original numbers, not a leaked script
Pattern practice is allowed; paper theft is not.
8. A bilingual student using this TFSA and RRSP desk should A) mix Hindi sentences into the EN URL B) ignore the glossary C) translate only the ads D) practise the English command words here
Tap A, B, C or D.
Answer: D) practise the English command words here
/en/ stays English.
9. When TFSA and RRSP overlaps another country exam, this page still A) copies USA SAT wording only B) uses India Group C labels C) keeps Canada names and authorities D) hides the country
Tap A, B, C or D.
Answer: C) keeps Canada names and authorities
Local phrases win the click.
10. A parent helping with TFSA and RRSP should A) sit while the student taps answers B) take the test for them C) buy every book in the shop D) call the board daily
Tap A, B, C or D.
Answer: A) sit while the student taps answers
The score is for the student.
11. TFSA stands for A) Tax-Free Savings Account B) Total Federal Salary Award C) Toronto Fund for Students Abroad D) Taxed First Savings Act
Tap A, B, C or D.
Answer: A) Tax-Free Savings Account
Growth inside a TFSA is not taxed on withdrawal.
12. RRSP stands for A) Royal Reserve of Saskatchewan Pensions B) Registered Retirement Savings Plan C) Registered Rent Support Payment D) Revenue Rebate Savings Plan
Tap A, B, C or D.
Answer: B) Registered Retirement Savings Plan
Contributions can lower taxable income now.
13. Money taken from a TFSA is usually A) always taxed like a paycheck B) tax-free C) subject to US 401(k) rules D) a council tax band
Tap A, B, C or D.
Answer: B) tax-free
Contribution room is the limit, not tax on the way out.
14. RRSP withdrawals in retirement are A) always tax-free like a TFSA B) paid in AUD C) ignored by the CRA D) taxed as income
Tap A, B, C or D.
Answer: D) taxed as income
That is the TFSA vs RRSP trade-off.
15. TFSA room starts the year you turn A) 12 B) 18 (and are a Canadian resident) C) 65 only D) the year you get a UK NI number
Tap A, B, C or D.
Answer: B) 18 (and are a Canadian resident)
Unused room carries forward.
16. A first-home RRSP tool many search is A) HECS-HELP B) FAFSA C) Golden Visa D) the Home Buyers’ Plan (HBP)
Tap A, B, C or D.
Answer: D) the Home Buyers’ Plan (HBP)
You can borrow from your RRSP under HBP rules.
17. Over-contributing a TFSA can A) raise your GCSEs B) cancel Express Entry always C) trigger a CRA penalty tax D) pay your GST automatically
Tap A, B, C or D.
Answer: C) trigger a CRA penalty tax
Track your room in My Account.
18. Neither TFSA nor RRSP is A) a US 401(k) or Roth IRA, though the idea is similar B) a registered account C) used by Canadians D) subject to annual limits
Tap A, B, C or D.
Answer: A) a US 401(k) or Roth IRA, though the idea is similar
Use Canadian rules, not IRS ones.
19. TFSA contribution room accumulates A) only if you deposit cash that year B) only after age 65 C) each year you are an eligible Canadian resident adult D) only if you have an RRSP
Tap A, B, C or D.
Answer: C) each year you are an eligible Canadian resident adult
Unused room carries forward.
20. Unused TFSA room A) expires every 31 December B) moves to an RRSP automatically C) is set by the IRS D) carries forward indefinitely
Tap A, B, C or D.
Answer: D) carries forward indefinitely
Check the official room on CRA My Account.
21. A TFSA withdrawal usually restores room A) the same afternoon always B) never C) on 1 January of the following year D) only if you also have an RRSP
Tap A, B, C or D.
Answer: C) on 1 January of the following year
Re-contributing too soon can over-contribute.
22. Unused RRSP deduction room A) also carries forward B) expires each April C) is the same number as TFSA room D) is a GST/HST credit
Tap A, B, C or D.
Answer: A) also carries forward
It appears on your Notice of Assessment.
23. A spousal RRSP is used to A) hide income from the CRA B) buy a UK ISA C) pay HECS D) split retirement income later under the rules
Tap A, B, C or D.
Answer: D) split retirement income later under the rules
Attribution rules apply on early withdrawals.
24. The Home Buyers’ Plan lets you A) withdraw a TFSA as a taxable loan B) skip a down payment by law C) withdraw RRSP funds for a first home under HBP rules D) get a Golden Visa
Tap A, B, C or D.
Answer: C) withdraw RRSP funds for a first home under HBP rules
Repayments follow a set schedule.
25. The Lifelong Learning Plan lets you A) pay UK tuition via SLC B) withdraw RRSP money for qualifying full-time study C) fund JEE coaching as a grant D) replace OSAP automatically
Tap A, B, C or D.
Answer: B) withdraw RRSP money for qualifying full-time study
You repay it to your RRSP over time.
26. An FHSA is A) another name for a TFSA B) a US 401(k) C) a HELP loan D) a First Home Savings Account, separate from TFSA and RRSP
Tap A, B, C or D.
Answer: D) a First Home Savings Account, separate from TFSA and RRSP
Qualifying home withdrawals have their own tax rules.
27. An ordinary RRSP withdrawal usually has A) tax withheld at source B) no tax ever, like a TFSA C) only GST D) only US Roth rules
Tap A, B, C or D.
Answer: A) tax withheld at source
HBP and LLP withdrawals are the main exceptions.
28. Over-contributing an RRSP can A) increase your CRS score B) pay your HST automatically C) raise GCSE grades D) trigger a penalty tax on the excess
Tap A, B, C or D.
Answer: D) trigger a penalty tax on the excess
There is a small lifetime buffer — do not rely on it.
29. You generally cannot contribute to an RRSP after A) age 18 B) the day you get a SIN C) your first T4 D) the year you turn 71
Tap A, B, C or D.
Answer: D) the year you turn 71
Convert remaining funds to a RRIF or annuity.
30. At 71, leftover RRSP funds are typically A) gifted tax-free like a TFSA always B) sent to the ATO C) turned into a TFSA automatically D) moved to a RRIF or used to buy an annuity
Tap A, B, C or D.
Answer: D) moved to a RRIF or used to buy an annuity
Missing the deadline can cause a full inclusion.
31. A RRIF requires A) minimum annual withdrawals that are taxable B) zero withdrawals forever C) TFSA-style tax-free minimums D) payment in AUD
Tap A, B, C or D.
Answer: A) minimum annual withdrawals that are taxable
You can withdraw more than the minimum.
32. A TFSA successor holder is usually A) a spouse or common-law partner who takes over the account B) any roommate C) the CRA itself D) a UK executor only
Tap A, B, C or D.
Answer: A) a spouse or common-law partner who takes over the account
A beneficiary designation is different from successor holder.
33. US-listed dividends inside a TFSA can still face A) no foreign tax ever B) US withholding tax that you generally cannot recover C) only GST/HST D) HECS indexation
Tap A, B, C or D.
Answer: B) US withholding tax that you generally cannot recover
The Canada–US treaty treatment differs from an RRSP.
34. Frequent day-trading in a TFSA can lead the CRA to A) ignore it forever B) treat the income as taxable business income C) give extra contribution room D) pay you a GST credit
Tap A, B, C or D.
Answer: B) treat the income as taxable business income
A TFSA is not a licence for a trading business.
35. Investment growth inside a TFSA A) raises next year’s dollar limit automatically B) is taxed like a paycheque when you withdraw C) does not create extra contribution room D) counts as RRSP room
Tap A, B, C or D.
Answer: C) does not create extra contribution room
Room comes from annual limits plus carry-forward.
36. A group RRSP at work is still A) an RRSP that uses your personal RRSP room B) a TFSA C) a pension that never uses room D) US 401(k) by another name
Tap A, B, C or D.
Answer: A) an RRSP that uses your personal RRSP room
Employer deposits count as contributions.
37. Employer RRSP matching A) is extra TFSA room B) is GST-exempt income never reported C) is a student grant D) uses your RRSP contribution room
Tap A, B, C or D.
Answer: D) uses your RRSP contribution room
The match is valuable but not free room.
38. Self-directed TFSAs and RRSPs can hold A) only a bank savings rate by law B) only gold bars under a mattress C) stocks, ETFs, bonds or cash if the issuer allows D) only UK ISAs
Tap A, B, C or D.
Answer: C) stocks, ETFs, bonds or cash if the issuer allows
Not every product is a qualified investment.
39. A TFSA is not limited to A) registered status B) a high-interest savings account at a bank C) annual room limits D) tax-free qualifying withdrawals
Tap A, B, C or D.
Answer: B) a high-interest savings account at a bank
Brokerage TFSAs are common.
40. If you become a non-resident, A) your TFSA turns into an RRSP B) TFSA room generally stops accumulating C) the IRS issues the account D) withdrawals become HECS
Tap A, B, C or D.
Answer: B) TFSA room generally stops accumulating
Non-resident withdrawals have extra rules.
41. A beneficiary or successor designation on the account A) replaces a will for the house B) is a CRS score C) matters when the holder dies D) is ignored by the CRA always
Tap A, B, C or D.
Answer: C) matters when the holder dies
Review it after marriage or divorce.
42. Missed HBP repayments are A) forgiven automatically B) moved to a TFSA C) charged as GST D) added to your taxable income
Tap A, B, C or D.
Answer: D) added to your taxable income
You can repay sooner than the schedule.
43. Official TFSA room should be checked on A) a bank’s marketing calculator only B) CRA My Account C) Reddit D) a US Form 5498
Tap A, B, C or D.
Answer: B) CRA My Account
Issuers do not see your other TFSAs.
44. The annual TFSA dollar limit is A) set by the federal government and can change by year B) chosen by your bank each Monday C) the same as RRSP room D) fixed in the US Internal Revenue Code
Tap A, B, C or D.
Answer: A) set by the federal government and can change by year
Do not invent a 2026 figure from a rumour.
45. RRSP room is based on A) your age only B) GST paid at stores C) your Express Entry CRS D) earned income and a yearly maximum
Tap A, B, C or D.
Answer: D) earned income and a yearly maximum
A pension adjustment can reduce it.
46. A pension adjustment from a workplace pension A) increases TFSA room B) is a GST rebate C) reduces the RRSP room you earn that year D) is an ITA
Tap A, B, C or D.
Answer: C) reduces the RRSP room you earn that year
It appears on the T4 and assessment.
47. Withdrawing from an RRSP does A) restore room like a TFSA on 1 January B) create FHSA room C) cancel your SIN D) not give that contribution room back next year
Tap A, B, C or D.
Answer: D) not give that contribution room back next year
That is a key TFSA vs RRSP difference.
48. A large RRSP withdrawal can affect A) only your TFSA room B) only GST at the grocery store C) income-tested benefits because it is taxable D) your GCSE certificates
Tap A, B, C or D.
Answer: C) income-tested benefits because it is taxable
Plan withdrawals around GIS, CCB and tax brackets.
49. TFSA withdrawals generally do not count as A) a reduction of contribution room until next year B) a bank transaction C) a possible over-contribution risk if re-deposited early D) income for GIS or OAS clawback tests
Tap A, B, C or D.
Answer: D) income for GIS or OAS clawback tests
That is why TFSAs are popular in retirement.
50. You may open more than one TFSA but A) all of them share one room limit B) each bank gives a fresh full limit C) the CRA issues a new SIN per account D) over-contributions are impossible
Tap A, B, C or D.
Answer: A) all of them share one room limit
Direct transfers avoid using room.
51. Moving money between TFSAs should be A) a direct transfer B) a withdrawal and same-week redeposit always C) an RRSP contribution D) a wire in naira
Tap A, B, C or D.
Answer: A) a direct transfer
A withdrawal-and-deposit can over-contribute.
52. An in-kind contribution is valued at A) zero always B) fair market value and can trigger a capital gain outside the plan C) the original purchase price only as the contribution D) GST only
Tap A, B, C or D.
Answer: B) fair market value and can trigger a capital gain outside the plan
You cannot claim a loss on an in-kind transfer in.
53. Foreign tax credits are generally A) not claimable on income earned inside a TFSA B) the same as in a non-registered account C) paid as HST refunds D) HECS credits
Tap A, B, C or D.
Answer: A) not claimable on income earned inside a TFSA
An RRSP/RRIF can be treated differently for US tax.
54. RDSPs and RESPs are A) older names for TFSAs B) different registered plans, not TFSA substitutes C) US 529 plans under CRA law D) UK ISAs
Tap A, B, C or D.
Answer: B) different registered plans, not TFSA substitutes
Each has its own contribution and grant rules.
55. If you turn 18 in July, TFSA room for that year A) is zero until the next January always B) is doubled C) still starts with that calendar year’s eligibility, not a half-limit formula you invent D) equals RRSP room
Tap A, B, C or D.
Answer: C) still starts with that calendar year’s eligibility, not a half-limit formula you invent
You must be 18 and resident — the CRA page states the start rule.
56. The usual over-contribution tax on a TFSA excess is A) 25% GST B) 1% per month on the excess C) a one-time $10,000 fine invented online D) loss of your SIN
Tap A, B, C or D.
Answer: B) 1% per month on the excess
Withdraw the excess quickly and file the TFSA return if required.
57. A qualifying FHSA withdrawal for a first home is A) always taxed like an RRSP B) a GST/HST credit C) tax-free under the FHSA rules D) the same as HBP by another name
Tap A, B, C or D.
Answer: C) tax-free under the FHSA rules
Unused FHSA amounts have transfer options — read the CRA guide.
58. A TFSA contribution is A) an RRSP deduction B) not deductible on your T1 return C) a childcare expense D) a moving-expense claim
Tap A, B, C or D.
Answer: B) not deductible on your T1 return
That is the upfront tax trade-off vs an RRSP.
59. Self-directed accounts still need A) only a spreadsheet at home B) a US brokerage with no Canadian registration C) a Canadian issuer or trustee D) a UAE TRN
Tap A, B, C or D.
Answer: C) a Canadian issuer or trustee
DIY does not mean unregistered.
60. A Roth IRA is A) identical to a TFSA in law B) the Canadian name for an RRSP C) filed on a T1 as a T5 D) a US account — useful as an analogy, not the CRA rulebook
Tap A, B, C or D.
Answer: D) a US account — useful as an analogy, not the CRA rulebook
Use CRA publications for limits and withdrawals.
61. Official rules for TFSA and RRSP in Canada come from A) the authority named on the current notice B) a forwarded WhatsApp list C) a sports commentary D) a restaurant menu
Tap A, B, C or D.
Answer: A) the authority named on the current notice
Always open the official PDF or site.
62. A practice page about TFSA and RRSP should A) teach the stable map, not invent a form date B) promise a vacancy tomorrow C) copy a leaked paper D) hide the country name
Tap A, B, C or D.
Answer: A) teach the stable map, not invent a form date
GKSchools does not invent cycles.
63. If two websites disagree about TFSA and RRSP in Canada, trust A) the official commission, board, or ministry B) the louder influencer C) a screenshot with no URL D) a 2014 blog comment
Tap A, B, C or D.
Answer: A) the official commission, board, or ministry
Check the domain.
64. Students search TFSA and RRSP because A) it is a US state test only B) it is a high-intent local phrase in Canada C) it is a Hindi-only quiz D) it is a cooking term
Tap A, B, C or D.
Answer: B) it is a high-intent local phrase in Canada
Keep answers in the language of the search.
65. The safest first click for TFSA and RRSP is A) buying a random PDF first B) the official explainer, then practice questions C) skipping eligibility D) ignoring the syllabus
Tap A, B, C or D.
Answer: B) the official explainer, then practice questions
Read the map, then tap to score.
66. Eligibility for TFSA and RRSP is decided by A) a cousin’s memory B) a cinema ticket C) a weather app D) the published rules for that year
Tap A, B, C or D.
Answer: D) the published rules for that year
Rules can change by notification.
67. A mock set on TFSA and RRSP is A) a leaked booklet B) a live scorecard C) original practice, not an official paper copy D) a visa stamp
Tap A, B, C or D.
Answer: C) original practice, not an official paper copy
Use it to learn the pattern.
68. When TFSA and RRSP uses a calculator rule, follow A) any phone app in the hall B) a smartwatch always C) sharing a friend’s device D) the paper’s approved-calculator list
Tap A, B, C or D.
Answer: D) the paper’s approved-calculator list
Invigilators check devices.
69. Negative marking on TFSA and RRSP, if any, is A) always −1 on every paper worldwide B) stated on that year’s instruction sheet C) never used anywhere D) the same as SAT always
Tap A, B, C or D.
Answer: B) stated on that year’s instruction sheet
Do not guess the penalty.
70. Subject choice for TFSA and RRSP should match A) the course or career you want next B) only what a neighbour picked C) the shortest form D) a random code
Tap A, B, C or D.
Answer: A) the course or career you want next
Wrong paper waste a year.
71. A resit or remark for TFSA and RRSP is A) an official process with a deadline B) a WhatsApp appeal C) automatic every year D) free forever
Tap A, B, C or D.
Answer: A) an official process with a deadline
Read the board’s remark page.
72. Past papers for TFSA and RRSP are useful when A) you only read the cover B) you memorise one year C) you skip the mark scheme D) you attempt them timed, then check the mark scheme
Tap A, B, C or D.
Answer: D) you attempt them timed, then check the mark scheme
Timing builds exam stamina.
73. Syllabus changes for TFSA and RRSP appear in A) a 2010 textbook only B) a meme C) the current specification or circular D) a taxi advert
Tap A, B, C or D.
Answer: C) the current specification or circular
Confirm the year on the PDF.
74. Access arrangements for TFSA and RRSP need A) a note written in the hall B) an approved application before the paper C) a parent phone call during the test D) nothing ever
Tap A, B, C or D.
Answer: B) an approved application before the paper
Apply early through the school or centre.
75. Results for TFSA and RRSP are released A) whenever a coaching centre guesses B) every Sunday C) only on social media D) on the date the official body publishes
Tap A, B, C or D.
Answer: D) on the date the official body publishes
Bookmark the results page.
76. Certificates for TFSA and RRSP are issued by A) the awarding body named on the paper B) a photocopy shop C) a blog D) FIFA
Tap A, B, C or D.
Answer: A) the awarding body named on the paper
Keep digital and paper copies.
77. If TFSA and RRSP is an eligibility test, passing it A) guarantees a posting next week B) does not by itself give a job letter C) replaces a degree always D) cancels other exams
Tap A, B, C or D.
Answer: B) does not by itself give a job letter
Recruitment is a later step.
78. If TFSA and RRSP is an entrance exam, a rank A) is a visa B) is a salary C) is a passport D) is used by colleges as they notify
Tap A, B, C or D.
Answer: D) is used by colleges as they notify
Admission lists are separate.
79. Fees for TFSA and RRSP must be paid A) to a personal UPI of a stranger B) on the official portal named in the notice C) in a parking lot D) only in cash to a tout
Tap A, B, C or D.
Answer: B) on the official portal named in the notice
Save the receipt.
80. Photo and ID rules for TFSA and RRSP are A) the same as a concert ticket B) optional C) printed on the admit card D) only for teachers
Tap A, B, C or D.
Answer: C) printed on the admit card
Carry the exact ID listed.
81. A name mismatch on TFSA and RRSP documents should be A) ignored B) fixed with correction fluid in the hall C) corrected through the official channel before the day D) posted on a group chat
Tap A, B, C or D.
Answer: C) corrected through the official channel before the day
Boards reject mismatched IDs.
82. Study time for TFSA and RRSP works better as A) a daily short set you can finish B) one 12-hour cram once a year C) only watching reels D) skipping weak topics forever
Tap A, B, C or D.
Answer: A) a daily short set you can finish
Come back tomorrow for a new order.
83. Current-affairs items mixed with TFSA and RRSP should be A) dated facts you can verify B) undated rumours C) invented summit hosts D) copied paywalled PDFs
Tap A, B, C or D.
Answer: A) dated facts you can verify
We rotate practice; we do not invent news.
84. Internal links from a TFSA and RRSP page should go to A) random shopping carts B) broken admin URLs C) the country hub and related exams D) login walls
Tap A, B, C or D.
Answer: C) the country hub and related exams
Students need the next tap.
85. Language of answers on this TFSA and RRSP page is A) Hindi only B) a mix that confuses crawlers C) English, because this desk is /en/ D) emoji only
Tap A, B, C or D.
Answer: C) English, because this desk is /en/
Hindi GK stays on the main site.
86. Group vs grade language on TFSA and RRSP must stay A) swapped for SEO B) as the official body writes it C) copied from another country D) hidden
Tap A, B, C or D.
Answer: B) as the official body writes it
UPSC Group A is not RBI Grade B.
87. A calculator-allowed paper for TFSA and RRSP still needs A) working shown where the mark scheme asks B) only the final number C) no units D) a photo of the screen
Tap A, B, C or D.
Answer: A) working shown where the mark scheme asks
Method marks exist.
88. Multiple-choice on TFSA and RRSP is scored from A) the option you lock B) the option you whispered C) all four options D) the question number
Tap A, B, C or D.
Answer: A) the option you lock
Tap once; green is correct, red is wrong.
89. A “today’s 5” strip on TFSA and RRSP is A) breaking news from a newsroom B) a live official paper C) a daily rotate of the same 100-question bank D) a paid leak
Tap A, B, C or D.
Answer: C) a daily rotate of the same 100-question bank
Order changes at midnight so you return.
90. Sharing an TFSA and RRSP admit card publicly can A) raise your rank B) pay the fee twice C) change the syllabus D) expose personal data
Tap A, B, C or D.
Answer: D) expose personal data
Keep numbers private.
91. Coaching claims about TFSA and RRSP cut-offs are A) unofficial until the authority publishes them B) always exact in January C) the same for every state D) copied from SAT
Tap A, B, C or D.
Answer: A) unofficial until the authority publishes them
Treat them as gossip.
92. A practical or oral for TFSA and RRSP, if any, is A) part of the published assessment B) optional decoration C) replaced by a tweet D) the same as a written MCQ
Tap A, B, C or D.
Answer: A) part of the published assessment
Check the weighting.
93. Transfer or migration after TFSA and RRSP follows A) a YouTube comment B) the receiving school or university rules C) a taxi driver D) a currency app
Tap A, B, C or D.
Answer: B) the receiving school or university rules
Get the letter in writing.
94. Disability support for TFSA and RRSP is A) a secret extra hour for anyone B) forbidden everywhere C) an official access arrangement D) only for staff
Tap A, B, C or D.
Answer: C) an official access arrangement
Ask the centre early.
95. A formula sheet for TFSA and RRSP is allowed only if A) that paper’s instructions say so B) you printed one at home always C) your friend has one D) it is in another language
Tap A, B, C or D.
Answer: A) that paper’s instructions say so
Invigilators collect extras.
96. Units in a TFSA and RRSP numerical answer should A) be skipped to save time always B) be US customary only C) match the question (cm, $, £, R) D) be Roman numerals
Tap A, B, C or D.
Answer: C) match the question (cm, $, £, R)
Unit marks are easy marks.
97. Estimation before calculating TFSA and RRSP items A) catches calculator slips B) wastes the whole paper C) is banned D) replaces working
Tap A, B, C or D.
Answer: A) catches calculator slips
Sense-check the size of the answer.
98. Reading the question twice on TFSA and RRSP helps because A) the paper is always one word B) command words change the mark scheme C) options never trick D) time is unlimited
Tap A, B, C or D.
Answer: B) command words change the mark scheme
Circle the command word.
99. Command words such as explain / calculate / compare on TFSA and RRSP mean A) different depths of answer B) the same one-word reply C) draw a picture only D) skip the question
Tap A, B, C or D.
Answer: A) different depths of answer
Marks follow the verb.
100. A data booklet for TFSA and RRSP (if issued) is A) your personal notebook B) a phone download in the hall C) optional graffiti D) part of the exam stationery
Tap A, B, C or D.
Answer: D) part of the exam stationery
Use the values they give.
