Tag · Canada
resp
Loopholes Tagged "resp"
Plain-English guides to Canadian legal rights and workarounds related to resp.
Easy student-loans-education
Canada Learning Bond — Get Up to $2,000 in RESP Money Without Contributing a Dollar
The Canada Learning Bond can deposit up to $2,000 into an RESP for eligible low-income children and youth, and no personal contribution is required to receive it.
Easy student-loans-education
RESP Educational Assistance Payment Taxation — Have the Student Pull the Taxable Portion
When RESP money is withdrawn as an Educational Assistance Payment, the taxable income usually lands on the student rather than the parent, which often means little or no tax.