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Anisha has contributed $1,500 a year to her childs RESP for the last 5 years. She has received the Canada Education Savings Grant each year
Anisha has contributed $1,500 a year to her childs RESP for the last 5 years. She has received the Canada Education Savings Grant each year and earned $100 in investment income. How much of the RESP balance can be withdrawn tax free? Ignore provincial plans.
Select one: a. Zero b. $9,100 c. $7,500 d. $9,000
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