There is a maximum amount that can be contributed. At the bottom of page 1, the bill reads:the amount that is the lesser of the RESP dollar limit for the year and 18% of the taxpayer's earned income for the preceding tax year;
Liberal
Dan McTeague Liberal Pickering—Scarborough East, ON
There is a maximum amount that can be contributed. At the bottom of page 1, the bill reads:the amount that is the lesser of the RESP dollar limit for the year and 18% of the taxpayer's earned income for the preceding tax year;
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