Which of the following statements are true regarding an Annual Income Payment (AIP) 1. An AIP is a distribution made from the RESP to the subscribers of the plan 2. The AIP is a combination of unused CESG and CLB's 3.The AIP is the payment made to the beneficiary to help subsidize post secondary expenses 4. An AIP can be contributed into the RSP and avoid the 20% punitive tax levied Question 12 options: 1 and 2 1 and 4 2 and 3 3 and 4