Trevor wants to establish a RESP for his son. All of the following statements are true, EXCEPT:

a) The investment income earned by the RESP accumulates tax-free while it remains in the fund.

b) The investment income when withdrawn from the RESP is taxed in the hands of the student.

c) Contributions to a RESP are tax-deductible by the contributor.

d) The principal contributed to the RESP is not taxed when withdrawn.