Tax Memo: Understanding RESPs

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Recent enhancements to the rules governing Registered Education Savings Plans (RESPs) make contributing to these plans even more attractive. As a result, you may want to consider establishing an RESP or contributing to an existing plan before December 31, 2008, the deadline to make contributions that qualify for Canada Education Savings Grants (CESGs) for 2008.

This Tax Memo discusses the RESP rules, including the latest changes to these rules. It will help you decide whether an RESP would be a suitable education savings vehicle for your family.

Tax Memo: Understanding RESPs (198 KB)
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