How are educational assistance payments from RESPs taxed?

Question 10 options:

	They are considered taxable income to the plan subscriber
	They are considered non-taxable income to the plan subscriber
	They are considered non-taxable income to the student recipient
	They are considered taxable income to the student recipient

Question 11 (1 point)

With respect to the maximum amount an individual can contribute to a TFSA, _______.

Question 11 options:

	if an individual does not contribute the maximum amount for a given year, it cannot be made up for in the future
	any amounts that are withdrawn from the account decreases the maximum annual contribution amount
	contributions not made in one tax year can be made up for in a subsequent year
	any amounts contributed above the annual maximum amount are subject to a penalty tax