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
Students are throwing caps in the air to celebrate their their graduations.

Pin It on Pinterest

Share This