Understanding Registered Education Savings Plans and How They Work

In this course we will review the following:

1. Overview
2. Types of Plans
3. Registration Conditions for Registration Revocation of Registration Consequences of Revocation
4. Contributions
   • Subscriber Contributions
   • Return of Subscriber Contributions
   • Canada Education Savings Grant (CESG)
   • Qualifying Contributions
   • CESG Contribution Room
5. Pay-Out of CESGs from RESPs
   • Repayment of CESGs
   • Accumulated Income
   • Named Beneficiaries
   • Meaning of ‘Educational Assistance Payment’
   • Full-Time Student Requirement
   • Qualifying Educational Program
   • Post-Secondary Educational Institution
   • Quantum Limit
   • Subscriber
   • RRSP Rollover
6. Plan Investments
   • RESP Investments
7. Penalty Taxes
   • Part X.4 Tax
   • Part X.5 Tax
   • Part XI.1 Tax
8. Appendix I – Summary of Major RESP Changes
9. Appendix II – Useful Internet Sites

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