Which grants are not returned to the ESDC/MRQ upon doing an ROC redemption?

Repayment of QESI to the MRQ is known as...

ROC redemption's have no eligibility requirements or limits

Client acknowledgement that grant will be repaid is a requirement on an LOD for an ROC redemption.

AIP consists of only....

AIP can be paid out in the name of the beneficiary.

AIP redemptions can be done prior to ROC redemptions.

Transfers are NOT permitted to/from an RESP after an AIP redemption has been made.

An AIP redemption can only be processed if all beneficiaries under the plan are at least 21 years old and not eligible for EAP.

Which of the following is not an AIP withdrawal option?

When taking AIP as a cash payment the subscriber will have 20% withholding tax taken off at source with the remainder getting taxed at the subscriber's marginal tax rate. (Taxed Twice)

When transferring an AIP payment to an RRSP a contribution receipt is issued.

Gifting an AIP payment to a Designated Educational Institution will be considered a donation and a tax receipt will be issued.

20% Withholding tax is applied on an AIP transfer to an RRSP unless a T1171 is completed and submitted with the redemption request.