Q: I am looking at setting up an educational fund for our 1 year old grandson with an initial
5k investment. Are there any tax implications when an RESP is set up by a grandparent and if so, would an investment account in trust be more appropriate?
Either way, which holdings would you suggest I start with.
Thanks for taking the agony out of some these decisions!
5k investment. Are there any tax implications when an RESP is set up by a grandparent and if so, would an investment account in trust be more appropriate?
Either way, which holdings would you suggest I start with.
Thanks for taking the agony out of some these decisions!