Tag: resp

Apr

9

Registered Education Savings Plan

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Registered Education Savings Plan The Purpose of the RESP is to allow income to accumulate on a tax deferred basis and then be used by a child to attend post-secondary education. Contributions are not deductible; Max. RESP period: 35 years, i.e., plan must be terminated by the end of the 35th year (40 years if […]

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