John and Julie have combined family income of $41,000 last year in 2021 and are expecting to
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John and Julie have combined family income of $41,000 last year in 2021 and are expecting to make $89,000 this year. Last month they opened a family RESP plan for their kids James and Jenne of 7 and 9 years old respectively. They made a contribution of $2000 in first year and decide to equally divide among both kids.
• Identify which grants they will get in this account and how much?
Related Book For
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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