When you make an Educational Assistance Payment (EAP) to a student, it will come from the non-contribution portion of the RESP account and will always contain some grant money. You don’t have the option of specifying how much of the EAP will be grant money – it’s an automatic calcula...
If you start an RESP in the year when the child turns 10, you can still get the maximum $7,200 RESP grants. If you wait until the year the child is 15 to start the RESP account, you can still get $3,000 of RESP grants. Here is a link to the government’s definition for Canad...
I need to try and get the grant maximum out first in case the kids dont need all the RESP for school. Then I can keep the extra $ since they dont need it! does CRA keep track of how much grant money has been returned to each child, even if it comes all from one of the plans...