Q: To Randall re:RESP and CESG grant,
I just wanted to flag you that the government’s grant portion is a maximum of $500 per year to a life time maximum of $7200. If you top up your Grandson’s RESP 30k at once you will still only receive $500 in government grant and have used up the contribution allowance of 50k.
Thanks,
Kerri
I just wanted to flag you that the government’s grant portion is a maximum of $500 per year to a life time maximum of $7200. If you top up your Grandson’s RESP 30k at once you will still only receive $500 in government grant and have used up the contribution allowance of 50k.
Thanks,
Kerri