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  1. RESP Withdrawals and Attribution Rules

    Taxation
    Hi all, I'm having trouble finding a clear answer from Google on this one, so hoping someone here knows... I have a self directed family plan RESP account for my two kids, and there is more money in there than they are going to need for school. All of the funds currently in the RESP came from...
  2. Need advice on RESP account

    Investing
    My RESP account has balance of about 60K with the following stocks or fund. It is not doing well. EFA 16% (Bought over 10 years ago and is still in red) XIU 42% XEG 8% (Down over 20%) SPY 18% (Good. up 140% ) MAW104 16% (Recently bought) My kid is in grade 11 and will go to...
  3. How much is enough? RESPs.

    General Personal Finance Talk
    There are plenty of online calculators out there and I've read several articles stating how much money will be needed for a 4 year University Education. Is there anyone out there that has had kids go through university while wondering beforehand if they've saved enough? I know there are...
  4. Should I include both my children in the RESP family plan? Age difference is 5.

    Investing
    Hi Members, I added my 5-year-old daughter as the beneficiary of my RESP account and the mutual fund is "RBC Target 2030 Education Fund". The plan will mature after 13 years which is when she will turn 18 and it fits well with her time to start post-secondary education. My 5-month-old infant...
  5. Is my RESP at RBC being drained by high MER?

    Investing
    I am pulling my hair for having been so naive and complacent about the growth in my RESP I opened 2 years ago at RBC. I opened that account for my daughter without much research. It is not a self-directed account. A manager controls it, who is always mysterious. Never communicated with her in...
  6. RESP-How to find out what has been contributed?

    General Personal Finance Talk
    I am the parent of a child who shares parenting with the other parent. The other parent refuses to communicate with me. I know an RESP was started at one time but I don't believe that there has been much contributed. I don't know where the RESP is located. I am more interested in opening a new...
  7. Withdrawn RESP taxable income

    Taxation
    I wanted to go to school and my grandparents took out 5,000 from an RESP that is saved up. I then decided on the first day of classes the school wasn't right for me, I took the 5,000 and gave it back to my grandparents I was unaware that I had to claim the RESP as income so I was audited, the...
  8. Tax question RESP and TFSA

    Taxation
    I usually have H&R do my taxes, but this year I want to save bit and do it myself. A couple of questions: Do I claim TFSA investment trading gains/losses? I did a ton of trades A for "fun account". If so will each trade need to be entered, or totals for each? Also, do I claim RESP...
  9. Having many children - Open one or more RESP family accounts for tracking CESG?

    General Personal Finance Talk
    Hi, I am currently with TD Direct for my investments, including RESP. I opened an RESP account for my first child. TD Direct only has family accounts, so I opened a family type account. With the new fee structure at TD Direct (https://www.td.com/ca/document/PDF/forms/521778.pdf) effective...
  10. $50 signup bonus for a ModernAdvisor managed investment account

    Investing
    Managing your own investments can be exciting and rewarding - we get that. But if life gets busy and you decide to look for a hassle-free and low-cost way to manage part or all of your portfolio, ModernAdvisor could be a great choice. At ModernAdvisor, we combine smart technology with expertise...
  11. $50 signup bonus for a ModernAdvisor managed investment account

    General Personal Finance Talk
    Mutual funds in Canada are the most expensive in the developed world. In fact, high mutual fund fees are forcing many Canadians to retire many years later than they would like. At ModernAdvisor, we combine smart technology with expertise from investment professionals to build and manage...
  12. $1200 of FREE MONEY

    General Personal Finance Talk
    Has anyone here in BC heard of the British Columbia Training and Education Savings Grant (BCTESG)? My wife just discovered this one. It is a fairly new additional grant that was added to the RESP program last year. There seems to be very little advertising about this grant, so I’m sure a lot of...
  13. Advanced CESG - RESP

    Taxation
    My total income is b/w $43K and $87K for 2013. This is also our family income. I made my 1st RESP contribution in Sep 2013 and received $500 CESG in Oct 2013. However, I have not yet received $50 advaned CESG. When am I supposed to receive that? I emailed Questrade and they said "That...
  14. Transfer an RESP

    Investing
    Ok, a little different one here. Before I was married and had kids, I opened an individual RESP for my niece and nephew. I contributed a modest amount in there monthly, but stopped after my kids were born. So both accounts are opened in my name, but the beneficiary (for each account) is one...
  15. RESP TD Canada e-series mutual funds.

    Investing
    Hi Forum, I opened the RESP TD Canada mutual fund account for my son a month ago and at the same time I had given them the forms for converting it to e-series. I received the confirmation email regarding that. I had purchased two e-series funds 100 CAD each in the feb 2013. On March 1 the...
  16. US investments in RESP

    Investing
    Can I invest in US stocks in my RESP account? Is it treated the same way as an RRSP? i.e. no tax with holding. Thanks
  17. Self Directed RESP to Maximize Grants

    General Personal Finance Talk
    Good day all, With the birth of my first child only 1 month away, like any CMF’er, I am preparing to open an RESP account. Up until yesterday, I had already decided on a TD eSeries account with monthly contributions. Then I discovered this thread, stating that the account will not be eligible...
  18. RESP ETF ideas

    Investing
    I am looking for some ideas for a low-fee ETF that I can put in an RESP. Keys: low fees Canadian or North American ETF Established history Thanks in advanced!
  19. Rbc resp?

    Investing
    Hi All, I'm in a similar situation to silence and my first choice of the TD e-series account doesn't qualify for the Quebec RESP grant (QESI). Now, I use RBC as a secondary bank and they do qualify for the QESI so I'm stuck with some questions. Has anybody had any experience RBC RESPs? What...
  20. RESP in Quebec - what are my options and what did you choose?

    Investing
    Before reading all the threads on RESP, I was going to open a TD e-funds account as my RESP account. However, after reading this post I realize that going with TD e-funds would block me from receiving the Quebec Educations Savings Incentive (QESI). The options therefore seem to be: based on...
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