1 September 2020 External T.I. 2019-0832221E5 - Subscriber of an RESP -- summary under Paragraph (a)

Could a charity that is a corporation and is not a public primary caregiver, as defined in s. 146.1(1), qualify as an RESP subscriber? CRA responded

Pursuant to the definitions “subscriber” and “education savings plan” in subsection 146.1(1), only an individual (other than a trust) and a public primary caregiver are eligible to enter into an RESP with a promoter. As the term “individual” … exclude[s] a corporation, the registered charity … would not qualify as an RESP subscriber.

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d7 import status
Drupal 7 entity type
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