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After 20 years at JL inc, Dave age 45 has agreed to take on...

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Finance

After 20 years at JL inc, Dave age 45 has agreed to take on new challenges at a rival company, The new company offers a higher annual income, better career opportunities, a DCCP and a DPSP. He would like to transfer the sums accumulated in his DBPP to his personal RRSPs.

To which one of the following accounts can Dave transfer the sums accumulated in his

DBPP?

a. He can transfer them to his new employers DCPP.

b. He can transfer them to his new employers DPSP.

c. He can transfer them to a personal LIRA.

d. He can transfer them to his personal RPSPs.

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