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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 8 Topic 1 Discussion

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IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 8 Topic 1 Discussion

LLQP Exam Topic 1 Question 8 Discussion:
Question #: 8
Topic #: 1

(Samuel works for a major company offering a GRRSP and a group TFSA.

How do Samuel’s contributions to the GRRSP differ from his contributions to the group TFSA?)
A.

Samuel’s contributions to the GRRSP are made with money already taxed, while TFSA contributions are deductible.

B.

Samuel’s contributions to the group TFSA are made with money already taxed, while GRRSP contributions are deductible.

C.

GRRSP contributions are subject to an annual limit; group TFSA contributions are not.

D.

TFSA contributions are deducted from pay each period; GRRSP contributions are made once a year.

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Actual exam question for IFSE Institute LLQP exam by Nyx17117 at Feb 2, 2026, 11:37:08 PM

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