Backdating option grants www topdatingtips org

by  |  18-Dec-2014 12:35

15 year old Finally some good news – the 15 year old is eligible for the 20% government grant for this year and the next two years – but only if $2000 is contributed this year (see above rule).

Donna asked about “backdating” the contributions – the resp rules allow you to receive up to $500 of grants per year for past years in addition to the yearly maximum of $500 in grants for the current year contribution.

The rules are as follows: RESPs for beneficiaries aged 16 and 17 will be eligible for RESP grants only if at least one of the following conditions is met: From the comment it appears that all the previous resp contributions were withdrawn which makes this child ineligible for any grants.

My previous comment about tax sheltering for the 18 year old are still valid for this child.

In this case the tax sheltering effects are even more beneficial than for the older kids.

Community Discussion