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The money in your RESP can be divided into three basic groups: your contributions, government grants and the income earned on both of these. There are some nuances to how all of these are treated for tax purposes, so you should plan how you take the money out of the RESP.
The Registered Education Savings Plan (RESP) has become the most underused, yet indispensable tax shelters designed to make post secondary education more accessible to children and grandchildren. Unfortunately, many of us don't use the RESP and if we do, we typically don't maximize the benefits available.
VANCOUVER - Preschoolers, pipelines, professional skills training and pixie all came up as the provincial election campaign entered its last full week on Sunday.Premier Christy Clark spent part of the...