All items tagged with: CESG
Posted in: Strategic Thinking , Federal Government, knowledge bureau, Evelyn Jacks, tax tips, RESP, back to school, tax deductions, CESG, post-secondary education, Registered Education Savings Plan, Canada Education Savings Grant, saving for education, tax benefits, Education Assistance Payments, investment earnings, RESP contribution limits, government assistance for education, tuition fees
Did you know that dentistry, pharmacy, medicine and law are the professions with the highest undergraduate tuition fees in Canada, ranging from $10,000 to $18,000 per year? The average tuition fee for all faculties is just under $6,000 a year. With this in mind, most families could find it challenging to fund their family’s lifelong educational needs. The Registered Education Savings Plan (RESP) can help.
Posted in: Strategic Thinking, You Asked Us, Investment & Retirement, Tax Planning , RESP, CESG
I have a 13 year old son for whom I just opened an RESP in 2013. How much would I have to annually contribute to the RESP in order to catch up and maximize on the savings grant that the government contributes before my son turns 18?