Sentences with phrase «in family plan resp»

Not exact matches

Other measures include: • remove rule limiting Child Tax Credit (CTC) to one claimant per household (to allow two or more families sharing a house to claim the CTC); • repeal $ 10,000 cap on medical expense tax credit claims made on medical costs incurred for an eligible dependent; • easier access to funds in Registered Disability Savings Plans for beneficiaries with shortened life spans; • improved Employment Insurance benefits to parents of gravely ill, murdered, or missing children; and • enhanced ability to make transfers between individual RESPs, and better access to RESP funds for post-secondary students studying outside Canada.

Registered Education Savings Plans (RESPs) work in a similar vein; as the name suggests, they help parents, family and friends save towards a child's future post-secondary education (it actually makes for a great holiday gift — at least for the kid who has everything).

If the RESP is a family plan, the CESG may be used by another eligible child named in the plan.

I transferred both individual accounts to my new RESP account, once the transfer went through I sold the i - series mutual funds and purchased TD e-series mutual funds in the family plan.

When I asked if I could set up 2nd beneficiary so that in case if the primary kid is not going to school, I can transfer the RESP to another child, but they told me there is no such option unless I open up a family plan.