What statement concerning non-pooled RESPs is FALSE? a) A subscriber is allowed to withdraw capital from the

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What statement concerning non-pooled RESPs is FALSE?

a) A subscriber is allowed to withdraw capital from the plan at any time.

b) The principal contributed by a subscriber is an asset of the subscriber and is subject to the rules of bankruptcy.

c) An RESP can exist for as long as 35 years after the year it is established.

d) A subscriber can only contribute to an RESP until the beneficiary reaches 21 years of age

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 07, 2024 07:21 AM

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What statement concerning non-pooled RESPs is FALSE? a) A subscriber is allowed to withdraw capital from the

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Income Tax Fundamentals 2013

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