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Which of the following is not true of RESPs? a) There are two types of RESPs: pooled plans and self-directed plans. b)Contributions into the plan

Which of the following is not true of RESPs? a) There are two types of RESPs: pooled plans and self-directed plans. b)Contributions into the plan are tax-deductible. c) The Canada Education Savings Grant (CESG) provides matching grants to prescribed limits. d) The lifetime maximum contribution per beneficiary is $50,000.

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