C-253 An Act to amend the Income Tax Act (deductibility of RESP contributions)
C-253 An Act to amend the Income Tax Act (deductibility of RESP contributions)
That Bill C-253, in Clause 2, be amended by replacing lines 8 and 9 on page 2 with the following:
“( b) the RESP lifetime limit minus the total of all contributions made by the taxpayer into a registered education savings plan in previous taxation years, to a maximum of $5,000.”