Understanding Registered Education Savings Plans and How They Work
In this course we will review the following:
- Overview
- Types of Plans
- Registration Conditions for Registration Revocation of Registration Consequences of Revocation
- Contributions
- Subscriber Contributions
- Return of Subscriber Contributions
- Canada Education Savings Grant (CESG)
- Qualifying Contributions
- CESG Contribution Room
- 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
- Plan Investments
- RESP Investments
- Penalty Taxes
- Part X.4 Tax
- Part X.5 Tax
- Part XI.1 Tax
- Appendix I – Summary of Major RESP Changes
- Appendix II – Useful Internet Sites
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