Lesson 1
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✓ Answer Key
1.
What makes the FHSA unique is
B) Contributions are tax-deductible and qualifying withdrawals are completely tax-free
2.
Sequence of returns risk means
B) Early retirement losses are especially damaging because withdrawals lock in losses with less capital to recover
3.
Disability insurance is essential because
C) About 1 in 3 Canadians face a serious disability before 65 — it protects your entire financial plan from being derailed
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