Investing and Personal Finance
From the category archives:
Randy had some questions about RESPs:
Hi, I was wondering what is meant exactly by ‘approved post-secondary school’. I might go back to EU in the next 10 years, so I wasn’t sure what’s needed as proof of education to be able to withdraw including the grant money. I talked to a childrens education fund sales [...]
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I recently got a question on my addition resp grant post from Donna – she brings up a number of interesting points which I’d like to address. If you want to read any other posts on resp then check out the main resp reference page.
This was her question:
Hello. I have 3 children, 15, turning 17 [...]
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We got tagged a while back by (I think?) Prime Time Money, for the Single Step Personal Finance Challenge put together by Finance Freelance Life. The idea of the challenge is to do something, anything however big or small to improve your finances. Do you need a will? Are you paying too much for your [...]
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This post is part of a project by the Personal Finance Network – see the other posts in this series at the bottom of the page.
If you are heading off to some sort of post-secondary education this fall such as college or university and you have funds available to draw upon then it is important [...]
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This is the last post of the Big RESP Series. See the previous post on Keeping It All In Perspective.
One of the problems with RESPs is the number of rules surrounding them. This creates a product that is very expensive to administer for the RESP providers and government and very hard to understand for [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on How To Get Started.
Since the government started giving grants for RESP contributions in 1998, the RESP program has become quite well known and has become a new source of stress for new parents. I know a lot [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on Comparison of RESP to Non-Reg Accounts.
These rules are valid as of 2008.
One of the big questions that most investors have once they decide to open an RESP account is how and where to do it.
Here are some [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on Individual and Family Plans
I did an analysis of some different resp and non-registered account scenarios (child goes to school or not) in order to determine the different amounts of money that would result from each [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on RESP asset allocations.
These rules are valid as of 2008.
There are two types of resp accounts that you can have: individual and family. This post will outline some of the rules and differences of [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on resp withdrawals here.
When setting up a resp account it’s important to determine and monitor the asset allocation of the account. Typically the asset allocation is determined by the risk profile of the investor and [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on additional grants.
These rules are valid as of 2010.
When the child is ready to go to school the subscriber needs to start withdrawing money from the RESP account. To withdraw money you have to provide [...]
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This post is part of the Big RESP Series. See the entire series here.
See the previous post on RESP contributions here.
These rules are valid as of 2008.
Most of the additional grants are income based so the family income has to be below certain amounts. These grants would be on top of the regular grants which [...]
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This post is part of the Big RESP Series. See the entire series here.
RESP contributions are not complicated but there are a number of rules and limits. I’ll go through some of them and then do a couple of common examples.
RESP Contribution Limits and Amounts
These resp rules are as of 2010 – I’ve enclosed some [...]
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This post is part of the Big RESP Series. See the entire series here.
I decided to do a detailed series on the RESP program available to Canadians (my apologies to our non-Canadian readers). This topic has been covered by other blogs and myself in various posts but it’s really a topic for several [...]
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