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REGISTERED EDUCATION SAVINGS PLANS
THE PARTIES INVOLVED IN A RESP
THE SUBSCRIBER: the individual who makes the RESP contributions
THE BENEFICIARY: the person designated by the subscriber
to receive the accumulated funds when pursuing post-secondary
studies
THE PROMOTER: the Company that distributes and manages
the plan
TRUSTEE: The Trust Company that will irrevocably hold
the amounts invested in the plan as required by the federal government
for RESP purposes
This material is for information purposes only and should
not be construed as legal or tax advice. Every effort has been
made to ensure its accuracy, but errors and omissions are possible.
Individual circumstances may vary and specific legal and tax advice
is recommended. Future tax changes and market conditions may affect
this information.
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