RESP Lifetime Limit definition

RESP Lifetime Limit means the lifetime limit for Contributions to all registered education savings plans in respect of a person designated as a beneficiary under such plans pursuant to subsection 204.9(1) of the Tax Act;

RESP Lifetime Limit means the maximum amount of total contributions that can be made to an RESP for a Beneficiary as set out in subsection 204.9(1) of the Income Tax Act (Canada).

RESP Lifetime Limit means $50,000 or any other amount set out in the Tax Laws;

Examples of RESP Lifetime Limit in a sentence

• The Subscriber is solely responsible for ensuring that the total amount of contributions made in respect of the Beneficiary under the Plan and any other RESPs does not exceed the RESP Lifetime Limit.

• Furnish a bond set of these revised drawings to the OWNER and provide an electronic copy of the drawing in AutoCAD (.DWG) format or in Drawing Exchange Format (.DXF).

• The Subscriber is solely responsible for ensuring that the total amount of contributions made in respect of each Beneficiary under the Plan and any other RESPs does not exceed the RESP Lifetime Limit.

• Provide Detailed Specifications supplementing City of Rapid City Standard Specifications as necessary.

• Each Subscriber agrees that he/she is responsible for ensuring that the total of all contributions made in respect of the Beneficiary, other than contributions made to the Plan by way of transfer from other registered education savings plans, will not exceed the RESP Lifetime Limit imposed by the Applicable Legislation from time to time.

More Definitions of RESP Lifetime Limit

RESP Lifetime Limit means the “RESP lifetime limit” as defined in the Applicable Tax Legislation.

RESP Lifetime Limit means $50,000 for each Beneficiary or any other amount set out in the Tax Laws;

RESP Lifetime Limit. ’ for a year means,

RESP Lifetime Limit means the maximum amount of total contributions permitted to be made to an RESP in respect of the Beneficiary as provided by subsection 204.9(1) of the Income Tax Act (Canada), as amended from time to time.

RESP Lifetime Limit means the lifetimelimit for Contributionsto all registered education savings plans in respect of a person designated as a beneficiaryunder such plans pursuant to subsection 204.9(1) of the Tax Act;

RESP Lifetime Limit means the “RESP lifetime limit” as defined in the Applicable Laws;(bb)“Specified Educational Program” means a program at a Post-Secondary School Level of not less than 3 consecutive weeks duration that requires each student taking the program to spend not less than 12 hours per month on courses in the program;(cc) “Subscriber” means:

RESP Lifetime Limit means the lifetime limit for Contributions to all RESPs in respect of a person designated as a beneficiary under such plans pursuant to subsection 204.9(1) of the Tax Act;