Sentences with phrase «contribute to a family resp»

We saved and used only a portion of the money that we had contributed to a family RESP to assist them with tuition and living expenses while they attended college.

If parents, grandparents and relatives contribute to a family RESP, the funds can be transferred to another child in the same family.

Not exact matches

• If you're a low - income family, the government still offers you another way to contribute to your child's RESP.

To make the deal even better, most middle - class families are eligible for up to $ 500 in free government money each year that they contribute $ 2,500 or more to an RESTo make the deal even better, most middle - class families are eligible for up to $ 500 in free government money each year that they contribute $ 2,500 or more to an RESto $ 500 in free government money each year that they contribute $ 2,500 or more to an RESto an RESP.

A family that did not contribute to its child's RESP for a year or more can receive a grant of not more than $ 1,000 as a CESG in a year (i.e., on a maximum contribution of $ 5,000).31

We were a one - income family for many years, so Cheryl and I never contributed to RESPs for the kids, but that hasn't much mattered.