Which of the Following Is Not a Feature of a Registered

question 69

Multiple Choice

Which of the following is not a feature of a registered education savings plan (RESP) ?

• A)Certain amounts received from an RESP account will be tax-free.
• B)An RESP contributor receives a tax deduction for the contributions.
• C)The first $2500 of annual RESP contributions will be matched by a 20 percent Canada Education Savings Grant from the government.
• D)An RESP is intended to be used to save your children's future post-secondary education tuitions.

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Definitions:

Ethical Issue

A situation or problem that requires an individual or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Recognize

To identify or acknowledge somebody or something as being a certain way or having certain characteristics.

Difficult

Describes a situation, task, or problem that is hard to solve, challenging to overcome, or complex in nature.

Hostile Work Environment

A workplace situation where the conduct of individuals creates an intimidating, offensive, or oppressive atmosphere, making it difficult for others to work.