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Can more than one RESP be opened for a child?

Yes. A child can be named as the beneficiary of more than one RESP account. However, you should be aware that there is a lifetime limit of $50,000 that can be contributed for each child. Be sure to find out if anyone else is making contributions to a plan for that child so that you don't go over any limits when you decide how much money to put into an RESP.

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