Category: Education Planning

Jun 1

RESP Plan: IMPORTANT TIME/LIMITS TO REMEMBER

TIME/CONTRIBUTION LIMITS INDIVIDUAL PLAN FAMILY PLAN Annual Contribution LIMIT None None Annual Basic CESG LIMIT $1,000(provided beneficiary has adequate grant carry forward room) $1,000(provided beneficiary has adequate grant carry forward room) Lifetime Contribution LIMIT $50,000 $50,000 per beneficiary Lifetime Basic and Additional CESG LIMIT $7,200 $7,200 per beneficiary Contribution Time LIMIT Up to the 32nd […]
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