Which of the following statements about "RESP's are true? i A common factor between RRSP's...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following statements about "RESP's are true?
i A common factor between RRSP's and RESP's are that both plans allow the money in the plan to grow tax free until withdrawn.
ii Taxes are payable by the beneficiary on the growth portion only when withdrawn for post-secondary education costs.
iii A beneficiary can be the same person as the subscriber.
iv A qualifying school as determined by CRA can be outside of Canada.
please help
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.