Final answer:
The feature not associated with an RESP is the tax deduction for the contributions; contributions are made with after-tax dollars, with no immediate tax benefit.
Step-by-step explanation:
The feature that is not an aspect of a registered education savings plan (RESP) is B) The tax deduction for the contributions. While the RESP does offer advantages such as the Educational Assistance Payments, the Canada Education Savings Grant, and the Canada Learning Bond for families with moderate income, it does not provide a tax deduction for contributions. The contributions to an RESP are made with after-tax dollars, so there is no immediate tax benefit upon making the contribution. However, the income earned within the plan is tax-free until it is withdrawn, at which point it is taxed in the hands of the student, who is likely to have a lower income and thus pay less tax.