Yahoo Canada Web Search

Search results

1. www.canada.ca › en › revenue-agencyRegistered Education Savings Plan (RESP) - Canada.ca

   www.canada.ca › en › revenue-agency

   • Cached

   A registered education savings plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter). Under the contract, the subscriber names one or more beneficiaries (the future student (s)) and agrees to make contributions for them, and the promoter agrees to pay educational assistance payments (EAPs ...

2. www.canada.ca › en › revenue-agencyFrequently asked questions for the Registered Education ...

   www.canada.ca › en › revenue-agency

   • Cached

   An education savings plan (ESP) is a savings vehicle generally used by parents to save for their children's post-secondary education. More precisely, it is an arrangement between the subscriber, who can be either of: 1) an individual. 2) an individual and their spouse or common-law partner, or. 3) a public primary caregiver.

3. Videos

   • 

     15:37

     youtube.com

     RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners

     May 27, 2022

     24.1K Views

   • 

     4:43

     youtube.com

     RESP - Registered Education Savings Plan #1: What IS an RESP?

     Sep 29, 2016

     14K Views

   • 

     2:47

     youtube.com

     RESPs 101 - Part 1: What is an RESP?

     Nov 23, 2020

     11.6K Views

   View all

4. www.canada.ca › en › servicesRegistered Education Savings Plans and related benefits

   www.canada.ca › en › services

   • Cached

   The Registered Education Savings Plan (RESP) is a long-term savings plan to help people save for a child's education after high school, including trade schools, CEGEPs, colleges, universities, and apprenticeship programs. An adult can also open an RESP for themselves. When you open an RESP, you can ask your financial institution (the promoter ...

5. www.wealthsimple.com › en-ca › learnRegistered Education Savings Plan (RESP): What it is and how ...

   www.wealthsimple.com › en-ca › learn

   • Cached

   Oct 23, 2024 · A Registered Education Savings Plan - or RESP - is a tax-advantaged savings account for post-secondary education that has funding opportunities by the Canadian government through grants and eligible bonds. Anyone can open and contribute to an RESP (parents, grandparents, an aunt, or parent’s friend).

6. www.rbcroyalbank.com › en-ca › my-money-mattersWhat is an RESP and how does it work?: Key things you need to ...

   www.rbcroyalbank.com › en-ca › my-money-matters

   • Cached

   Jul 22, 2024 · An RESP is a tax-sheltered plan to help save up for a child’s post-secondary education. Parents and other loved ones can open and contribute to the RESP over the years—and when their budding scholar is ready, funds can be used not only for college and university, but for trade schools, CEGEPs and apprenticeship programs as well.

7. www.investopedia.com › terms › rRegistered Education Savings Plan: What It Is, How It Works

   www.investopedia.com › terms › r

   • Cached

   Oct 31, 2024 · A Registered Education Savings Plan (RESP) is a college plan sponsored by the Canadian government. Unlike a student loan , the funds contributed by the government don't have to be repaid, but they ...

8. People also ask

   What is a registered education savings plan (RESP)?

   • A registered education savings plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter).

   Registered Education Savings Plan (RESP) - Canada.ca

   www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-education-savings-plans-resps.html

   See all results for this question

   What are the anti-avoidance rules for registered education savings plans?

   • Anti-avoidance rules for Registered Education Savings Plans Special tax on certain advantages, prohibited investments, non-qualified investments. A RESP is a contract between a subscriber and a promoter. Learn how an RESP works, educations savings programs, contributing to an RESP, payments from an RESP, and the special rules which apply.

   Registered Education Savings Plan (RESP) - Canada.ca

   www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-education-savings-plans-resps.html

   See all results for this question

   What is a resp & how does it work?

   • An RESP is a tax-sheltered plan to help save up for a child’s post-secondary education. Parents and other loved ones can open and contribute to the RESP over the years—and when their budding scholar is ready, funds can be used not only for college and university, but for trade schools, CEGEPs and apprenticeship programs as well. Why open an RESP?

   What is an RESP and how does it work?: Key things you need to know

   www.rbcroyalbank.com/en-ca/my-money-matters/inspired-investor/investing-academy/what-is-an-resp-and-how-does-it-work-key-things-you-need-to-know-about-this-popular-savings-tool/

   See all results for this question

   Are resp earnings taxed?

   • Earnings within an RESP are not taxed. When the funds are taken out for education, withdrawals are taxed in the student’s hands, often resulting in little or no tax. Grow your savings faster with the Canada Education Savings Grant (CESG) 1, Canada Learning Bond (CLB) 2, and other government incentives.

   Registered Education Savings Plan (RESP) - RBC Royal Bank

   www.rbcroyalbank.com/investments/resp.html

   See all results for this question

   Can a resp be used for a trade school?

   • RESPs are not just for college and university, they can also be used for trade schools and apprenticeship programs as well. Length of time to use. While an RESP is meant to be used for post-secondary, it doesn’t need to be used immediately.

   Registered Education Savings Plan (RESP): What it is & how it works

   www.wealthsimple.com/en-ca/learn/what-is-resp

   See all results for this question

   What is a lifetime contribution to an RESP?

   • A contribution to an RESP does not include an amount paid into the plan under the Canada Education Savings Act (CESA) or under a designated provincial program. Lifetime contribution limits depend on the calendar year. The lifetime limit for 1996 to 2006 was $42,000, and for 2007 and future years is $50,000.

   Frequently asked questions for the Registered Education ... - Canada

   www.canada.ca/en/revenue-agency/services/tax/registered-plans-administrators/registered-education-savings-plans-resps/registered-education-savings-plans-resps.html

   See all results for this question

9. www.rbcroyalbank.com › investments › respRegistered Education Savings Plan (RESP) - RBC Royal Bank

   www.rbcroyalbank.com › investments › resp

   • Cached

   A contribution is not required to an RESP to receive the CLB.The total maximum CLB payable per child is $2,000. *This example is based on the results of a theoretical portfolio in a Registered Education Savings Plan with a 6.26% average annualized return, and includes Canada Education Savings Grant (CESG) payments.