Question $14(1$ point$)$

Which of the following statements about RESPs are true?

There is no annual contribution limit but there is a lifetime limit of $$50,000$

per child

Investment earnings grow tax deferred with in the plan.

Contributions to an RESP are tax deductible

The beneficiary of an RESP must attend a designated educational institution in

Canada

a$)2$ and $3$

b$)1$ and $4$

c$)1$ and $2$

d$)3$ and $4$