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CSI Investment Funds in Canada (IFC) Exam IFC Question # 131 Topic 14 Discussion

CSI Investment Funds in Canada (IFC) Exam IFC Question # 131 Topic 14 Discussion

IFC Exam Topic 14 Question 131 Discussion:
Question #: 131
Topic #: 14

The following information is available for Monique:

Number of children

1

Lifetime RESP contributions to date

$45,000

CESG received to date

$7,200

Family income

$120,000

Desired current year contribution

$7,000

What is the maximum RESP contribution that Monique can make this year?


A.

$7,000


B.

$5,000


C.

$5,500


D.

$0


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