RESP Questions...CLB and other grants
I am in Quebec and set up a family trust for my four children last week with TD. Until today I was not aware that there was a 3rd grant (CLB) for lower income families. So there is CESG which is 20% up to $500, QESI (Quebec one) 10% up to $250 + $50 bonus for low income and CLB $500 for first year and $100/yr for every other year. Now I called my guy at TD and he told me they do not administer the CLB, only the CESG and QESI. This adds up to a lot since it's not just one kid. If I were to switch to another provider, is it a complicated procedure? Would I just setup a new one or have to transfer the existing one. Would there be fees to closing it at TD? No money has been deposited yet.