RESPs and Rules
As my regular readers know I have been spending a while attempting to figure out the new RESPÂ Rules put in place for RESP withdrawals (I have two daughters attending University and wish to withdraw money… Read More »RESPs and Rules
RESP: The Old Switcheroo
Navigating RESP withdrawals can be tricky, especially when dealing with different university policies. This article highlights the challenges of accessing RESP funds, including the requirement for a Letter of Enrollment and how universities vary in their responsiveness. Some institutions make it easy, while others add bureaucratic hurdles. The piece also touches on bank procedures when withdrawing from an RESP and the importance of planning ahead to avoid delays in funding education. A must-read for parents managing Registered Education Savings Plans for their children’s post-secondary education.
Keywords: RESP, education savings, university costs, financial planning, student funding, bank procedures, withdrawal process
Tuition Receipt for RESP Withdrawals
If you are not using it you are losing out on the big plus for the RESP money to get money. If you aren’t taking free money, why are you waiting.
Random Thoughts: Big Wallets & Free Chequing
Do you have a big wallet ? What is it full of? Cash, Credit Cards, Receipts, or maybe all of that and maybe even some Splenda?
RDSP the Completion of Initial Work
I have written a great deal about the RDSP (registered disability savings plan) over the years, and this was written as I was setting up my son’s account (with TD). For a while I have… Read More »RDSP the Completion of Initial Work
