Sentences with phrase «open a family resp»

Even if you have a single child, you can open a family RESP and add subsequent children to it.

If you have more than one kid, open a family RESP so the funds can be allocated between different children as needed, Shelestowsky advises.

I had individual plans for my kids with TD Mutual funds (i - series) opened a family RESP account with TD Waterhouse discount brokerage (I have all of my RRSP, TFSA accounts with TD Waterhouse), it's best to make an appointment (if you choose this route) with a TD Waterhouse branch and they will get the paperwork done for you.

Not exact matches

A family RESP can be opened only by parents or grandparents of the children who will use the money and can be spent on the education of any child in the family.

Simply opening an RESP for your child will make them eligible for the Canada Learning Bond (CLB)-- a government grant to help lower - income families save for their child's post-secondary education.

His brokerage, TD Waterhouse, allows only family RESPs, which means he can only open a single account for both children.

I've opened up a self directed «Family RESP» with TD for my 2 children (a 1 year old & 3 year old).

A family RESP is generally opened by parents or grandparents, though technically can be opened by a sibling, however unlikely.

Question — I just opened a family td e series mutual funds RESP for my toddler and baby.

Some families prefer to invest outside of RESPs — in informal trusts, by purchasing stocks or bonds in the child's name, or simply by opening a savings account.

Three days ago my wife and me have opened a TD Mutual Fund joint account, family RESP 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.

Once you have decided whether to open a family plan, individual plan, or group plan, ask your RESP provider about your investment choices.