Which of the following statements correctly describes an advantage that can be attributed to a Registered Education
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Question:
A. Contributions to the plan can be deducted by the contributor.
B. The distribution of accumulated plan earnings will not be included in a beneficiary’s Net Income For Tax Purposes.
C. Accumulated earnings in the plan that are paid to contributors to the plan will be taxed at regular rates.
D. Contributions to the plan are supplemented by Canada Education Savings Grants
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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