Tag: grandparents

RESP Grandparents

An RESP can help fund a child’s education. But people over 71 may face tax implications if the child quits school and the fund is closed. Kim Parlee highlights a few things to keep in mind.

September 12, 2018

Family

Can I Open an RESP for a Child That Isn’t Mine?

You can open an RESP for any child, be it your own, a niece or nephew, grandchild or even a family friend. RESP contributions can be invested, plus, if certain conditions are met, they are eligible for a government grant so that, if you contribute regularly, it can be a great way to save for post-secondary education over the long term.

August 10, 2018

Retirement / Family / Spend /Play /Travel

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