RESP Legislation definition
Examples of RESP Legislation in a sentence
The Trustee may resign from its office under this agreement by giving ▇▇▇▇▇▇ (90) days’ written notice of resignation to the Subscriber, or such other period of notice that the RESP Legislation may stipulate.
The Promoter shall maintain a separate account for the Plan and keep the information regarding each Subscriber and Beneficiary, the total of all contributions made and refund, the CES amount received, the total of all payments, fees, cost and other withdrawal as well as all other transaction with regards to the Plan, in compliance with the RESP Legislation.
The Plan will be governed by and interpreted in accordance with the laws of Ontario, the Applicable RESP Legislation and any other laws of Canada applicable therein and all provisions hereof will be administered according to such laws.
Subject to reasonable requirements set by the Promoter and when permitted by RESP Legislation, the Subscriber request in writing a total or partial transfer of the Assets of the Plan (including CES amounts) into another RESP.
The Promoter shall maintain a separate account for the Plan and keep the information regarding each Subscriber and the Beneficiaries, the total of all contributions made and refund, the CES amount received, the total of all payments, fees, cost and other withdrawal as well as all other transaction with regards to the Plan, in compliance with the RESP Legislation.
Should the Applicable RESP Legislation be amended, PFSL will administer the Plan in accordance with such legislation, as amended, until such time as the amended Plan is approved by the Minister of National Revenue.
The Plan shall be governed and construed in accordance with the laws of the province in which the Subscriber resides, as shown in the Application, and with the RESP Legislation.
The Promoter will apply for registration of the Plan as a RESP in the required form containing the required information in accordance with the RESP Legislation.
The Subscriber acknowledges that any failure to comply with Applicable RESP Legislation may also result in revocation of the Plan by the Minister of National Revenue.
B2B, upon giving PFSL or any other agent appointed by it pursuant to section 17 hereof at least 90 days’ written notice or such other period of notice as PFSL or any other agent appointed by it pursuant to section 17 hereof may accept or the Applicable RESP Legislation may dictate (the “Notice Period”), may resign as the trustee of the Plan.