annual contributions between $500 and $2,500 are matched at the rate of 20% as described above. Combined CESG andACESGlifetime grant maximum of $7,200 per child. 这是google出来的解释。 先做个结论,这个RESP产品就是个基金定投,到期后分四年支取。 倒着推一下。 7200的最大补助金,每年最高拿5...
The Canada Education Savings Grant (CESG) is a federal program that will match 20% of anyRESPcontributions, to a maximum of $500 per child each year (BasicCESG). Children from middle- and low-income families are eligible for additional grants – either 10% or 20% extra (AdditionalCESG) ...
You can contribute to your RESP for up to 31 years, and the plan can remain open for a maximum of 35 years. Are RESP contributions tax-deductible? You do not get an RESP tax deduction for the money you put into an RESP, but your money can grow tax-deferred while it is in the pla...
The lifetime contribution limit per child is $50,000, but there is no annual contribution limit. You have 31 years to contribute to an RESP, and the plan can remain open for a maximum of 35 years. Is there a penalty for over-contributing to an RESP?
The lifetime contribution limit per child is $50,000, but there is no annual contribution limit. You have 31 years to contribute to an RESP, and the plan can remain open for a maximum of 35 years. Is there a penalty for over-contributing to an RESP?
Saving for your child’s education? An RESP (Registered Education Savings Plan) might be the right fit. Start investing efficiently and affordably with BMO.
The CLB isautomatic payment to an RESP. It begins with a $500 payment for each beneficiary, and adds another $100 for each year of eligibility, up to age 15, and a maximum of $2,000. If you're trying toset up an RESP for yourself, it's possible to apply for the CLB as well ...
Saving for your child’s education? An RESP (Registered Education Savings Plan) might be the right fit. Start investing efficiently and affordably with BMO.
Maximum per beneficiary for all RESP’s 20% of the annual contributions $400 annual maximum $7,200 total maximum Paid monthly by the Federal Government Tax deferred until the amounts are withdrawn Unused rights can be deferred Any person of legal age (not a company or a trust) Only one ...
To take full advantage of the CESG, you need to contribute at least CA$2,500 every year until when your child turns 17. You’ll be getting the $500 grant each year. However, the maximum amount of awards you can receive in a lifetime is CA$7,200. ...