Per year is fiscal year.My question is: what does "per year" represent exactly? Is it based on fiscal year, on calendar year, or on the birth date of the child?
So let's say a child was born in the month of june and the family started contributing to the RESP in the month of september.
Would the family only have the months of September to December for first "year" contributions and consequently for CESG grants?
Thanks for your help!
In the example, the child is eligible for the entire CESG for the year he/she is born.