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Lloyd has two sets of grandparents: his mother's parents and his father's parents. Each set of grandparents wishes to establish an RESP for Lloyd. What
Lloyd has two sets of grandparents: his mother's parents and his father's parents. Each set of grandparents wishes to establish an RESP for Lloyd. What is the lifetime cumulative MAXIMUM the grandparents can contribute to RESPs on behalf of Lloyd? a) $0-the subscriber to an RESP must be the parent of the beneficiary. 0 b) $50,000 c) Each set of grandparents may contribute up to $50,000. d) There is no limit
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