Sentences with phrase «depleted by payment»

Not exact matches

* to administer the RESP and invest its assets for the benefit of the beneficiary (ies) until the beneficiary (ies) are eligible for Educational Assistance Payments (EAPs); * to add or change a beneficiary as the trustee considers appropriate and if allowed by law; * to direct EAPs and to use refunds of contributions to assist financially with the post-secondary education of an eligible RESP beneficiary, at the times, in the amounts, and in the manner that the trustee considers appropriate; * to maximize use of CESGs when making EAPs; * to wind up the trust when all RESP assets are depleted or, if there are remaining assets, to only wind up the trust when: * the post-secondary education of the RESP beneficiary (ies) is complete; * the maximum life of the plan, as specified by law, has been reached; or * all the RESP beneficiaries have died; and:

So you increase your annual dividend payment amount year after year, providing true compound growth, not depleted by taxes.

However, keep in mind that while you do free up your monthly budget by eliminating a car payment, you may also have depleted your emergency savings to do so.

Hell: Capital contributions take a noticeable bite out of my bank account every month, so it's been difficult to rebuild my savings (severely depleted by my house down payment and closing costs back in December) and my checking account balance can get perilously low for a brief time.