RESP Reference

One page RESP summary

This post is my one page summary of RESPs which includes the 2008 rule changes.

Big RESP Series

The following is a list of posts which make up the Big RESP Series.

Introduction to the Big RESP Series – A brief intro to RESPs and a list of proposed resp topics.

Contributions – This post covers the rules regarding how much you can contribute to your RESP as well as a couple of detailed examples.

Additional Grants – Takes a look at the extra grants available including additional CESG, Canada Learning Bond, Alberta ACES program.

Withdrawals – Covers the different types of withdrawals from RESP accounts and their rules and tax implications.

Asset allocation - This post covers some suggested asset allocations for your resp account.

Individual and Family plans – A discussion of the rules, differences and similarities of these plans.

RESP vs. Non-registered account – which is better? – A comparison of an RESP account and a non-registered (taxable) account to find out which is better financially if the child goes to school and if they don’t go to school. Trusts are also mentioned.

How to Start an RESP – This article discusses doing it yourself or working with an advisor.

Keeping It All In Perspective – A reminder that RESP contributions shouldn’t take priority over more important financial obligations.

A Better RESP Program – probably the least useful of these posts but I wanted to include my vision for a better RESP program.