Hi CC,That's interesting. I didn't know that parents can apply and have the grant money issued and deposited into the RESP account themselves. Anybody know how this is done (i.e. which forms should be filled out and the logistics of how to get the grant money deposited into the RESP account)
I did this earlier this summer.
My RESP A/C is with i*Trade and it was relatively easy to do so using their forms.
The forms are available here:
Once it is sent to the institution, they fwd to CRA and everything is set up correctly.
You need to ensure that the primary holder of the RESP A/C is the same spouse that is receiving the CCTB payments.
You may open a joint RESP A/C but the receipient for the CCTB must be the primary account-holder.
This is true for single beneficiary as well as family plans.