With Respect to the Tax Rules for Registered Education Savings

With respect to the tax rules for Registered Education Savings Plans (RESPs) , which of the following statements is NOT correct?

A) The total contributions to one individual's plan cannot exceed $50,000.
B) Earnings paid out of the plan are subject to tax in the hands of the recipient.
C) The annual contributions made by any one individual cannot exceed $4,000.
D) Distributions can be made to a beneficiary of a plan when they commence full-time studies at a qualifying educational institution.