Which self directed brokerages in Canada offer all the Government of Canada Grants and Provincial Grants? Canada Education Savings Grant (CESG) Canada Learning Bond (CLB) British Columbia Training and Education Savings Grant (BCTESG) Saskatchewan Advantage Grant for Education Savings (SAGES) Quebec ...
Aug 3rd, 2022 7:14 pm
I am currently with Wealthsimple and they don't have a self-directed RESP, but would like to start one soon. I know WS has an RESP robo account, but over the past year I found that I am "loosing less" with my investment strategy compared to their ...
Sorry for the noobish type question, but with a family RESP using 2 kids as the recipients, how does the CRA know which kid I'm contributing to for the CESG payment? Are the allowable deposit amounts just doubled and they match 20% regardless?
As a newbie investor, i finally decided to open resp family account with simplewealth investment. I set the portfolio balanced. I have opened the account last november and i am already at -6%. Is the market actually down? Is there something better ...
Is USD supported in an RESP account in 2022 ? Can you buy US Stocks in an RESP?
Feb 18th, 2022 5:54 pm
For tuition I am looking at my RESP. We have one RESP for three children and the oldest is in university. For him, I have already used part of the EAP and am at the point that I need to sell some stocks. What are the best stocks to sell, ...
Feb 17th, 2022 9:32 am
Hi, Looking for recommendations with RESP in Quebec. I currently have my funds in Wealthsimple but unfortunately they don't support Quebec credits yet. Are there alternatives to Wealthsimple that supports Quebec credits? https://www.revenuquebec.ca/en/citizens/tax-credits/quebec-education-savings-incentive/ ...
Hi all, I've noticed after responding to questions on iA Financial (Industrial Alliance) that many people do not understand what a segregated fund is and that many insurance agents seem to be selling this product to unsuspecting investors ...
I have my RESP's with TD using e-series funds and have for years. They keep emailing me about needing to update my "investor profile" but have always let my transactions go through. But this time they have locked my account ...
... don't have RSP room to transfer it too. Does anyone have any thoughts on this? https://www.td.com/ca/en/personal-banking/personal-investing/learn/resp-withdrawal-rules/
Dec 30th, 2021 10:57 am
Just getting to open RESP account for our 2 kids. Older 1 is 5 and younger 1 is turning 10 months soon. I know I'm late to start for my 5 year old and I was thinking of contributing more for my older child for the next few years. Are ...
Nov 30th, 2021 4:44 pm
I am with BMO Investorline and transferred monies to the RESP on Oct 25, 2021 to take advantage of the full grant. How long does it take to CESG?
... of my close friend recently became dad and I would like to either 1) Open an account in the child's name, put some initial deposit or 2) Give a RESP gift certificate to my friend so that he can open the account himself. He has banking currently in TD and Tangerine. Which Banks / Credit Unions ...
Oct 21st, 2021 8:59 pm
I have been contributing $220 each month towards my son's resp (he was born in oct 2019). Based on simple math 220 * 23 = $5060. I think iread somewhere that govt would match if my resp contribution is upto $2600 (?). If this is true, then how can i verify? ...
Sep 19th, 2021 2:13 pm
My child has started full-time post-secondary education so it's time to get the money out of the RESP. I'll be paying all my child's expenses. Can I charge my child rent and lodging and pay for it via RESP withdrawals? Is this considered a legitimate expense? I'm basically ...
Sep 10th, 2021 11:54 pm
There are a total of one hundred (100) activity prizes (each, an “Activity Prize” and collectively the “Activity Prizes”) available to be won. Each Activity Prize consists of one (1) of five (5) Crayola product sets with an approximate retail value of $50.00 CDN each. There are three (3) Grand Prize...
Aug 26th, 2021 2:39 pm
From information I have found online (https://www.moneysense.ca/columns/ask-moneysense/resp-advice-for-canadian-citizens-living-in-the-u-s/; http://www.moneysmartsblog.com/canadian-resident-and-non-resident-resp-eligibility-rules/ and https://www.moneysense.ca/save/investing/resp/resps-non-residency-canada/), ...
Aug 16th, 2021 4:27 pm
I was thinking 100% VGRO for the first 5 years then go more and more conservative after that to protect the capital but my uncle who is a VP at a public organization pension company said that we should just do 100% Canadian banks/utilities and ride the dividends and not pay the fees. So now I'm not ...
... us “Why I love shopping for Carlton Cards® products at Shoppers Drug Mart® / Pharmaprix®” and mail it with sufficient postage to: Win a $25,000 RESP Contest, c/o Shoppers Drug Mart, 243 Consumers Road, Toronto, Ontario, M2J 4W8 . Mail-in entries must be post marked no later than the end of the ...
Aug 5th, 2021 1:08 am
Hello, I've just contributed to my kids RESP accounts, they are 2.5 and 5.5 years old. What do u think I should invest in? Ive done the couch potato e-series strategy in the past. Should I stick to the same or adopt a new strategy? Thanks in advance!