Pre-Authorized Cash Contribution on RESP - Where and how to do it?
Hi Folks,
I am thinking about putting $200 / month into my son's RESP account, and invest the $200 + 20% government grant into an index ETF (like S&P/TSX) every month.
What is the best way to accomplish this?
My RESP account is currently with Questrade. I was told that I can only do PACC (Pre-authorized Cash Contribution) on certain eligible iShares ETFs and none of the eligible ETFs is a broad index.
Any suggestions will be greatly appreciated!
I am thinking about putting $200 / month into my son's RESP account, and invest the $200 + 20% government grant into an index ETF (like S&P/TSX) every month.
What is the best way to accomplish this?
My RESP account is currently with Questrade. I was told that I can only do PACC (Pre-authorized Cash Contribution) on certain eligible iShares ETFs and none of the eligible ETFs is a broad index.
Any suggestions will be greatly appreciated!