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Isabella and Henry have just had a daughter for whom they would like to open a registered education savings account (RESP). Since Isabella just received
Isabella and Henry have just had a daughter for whom they would like to open a registered education savings account (RESP). Since Isabella just received a $50,000 inheritance, she has decided to contribute it all to the RESP in 2023. Assuming that $50,000 is life-time contribution limit, which statement below is correct? They will receive a $10,000 government grant in 2023. They will receive a $500 government grant only in 2023 and none thereafter. They will receive a $500 government grant
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