Lilly is the only child of Ivan and Jill. Ivan and Jill would like to establish a RESP for Lilly now. Lilly turned 15 years old last month and has never been the beneficiary of a RESP. Related to RESP:

a. A minimum contribution of $2000 is required this year to qualify for CESG in future years

b. Lilly can be a beneficiary of a RESP but she no longer qualifies for the CESG

c. To qualify for CESG in future years, four contributions of $100 must be made this year

d. With a contribution of $2500 this year, Lillys RESP will receive the maximum CESG allowable