Which of the Following Is Not a Feature of a Registered

question 36

Multiple Choice

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

• A)The Educational Assistance Payments
• B)The tax deduction for the contributions
• C)The Canada Education Savings Grant from the government
• D)The Canada Learning Bond for modest income families

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Definitions:

Sodium

A soft, silvery-white, highly reactive metal and an essential element in animal nutrition, symbolized as Na.

Nitrogen

A colorless, odorless, tasteless gas that constitutes about 78% of the Earth's atmosphere; it is a critical element in the makeup of amino acids, proteins, and nucleic acids.

Ionic Compound

A substance made up of positively and negatively charged ions that are combined in a ratio to neutralize the charges.

Bromine

A reddish-brown liquid at room temperature, with the elemental symbol Br, and atomic number 35; it is a halogen and is used in various industrial applications.