The RESP Book - The Simple Guide to Registered Education Savings Plans for Canadians by Mike Holman
Author:Mike Holman [Holman, Mike]
Language: eng
Format: mobi
Publisher: Money Smarts Publishing
Published: 2012-02-01T16:00:00+00:00
There are two different income thresholds for these additional grants.
The updated income thresholds can be found at www.moneysmartsblog.com/resp-book-links under the header “Additional grants family income thresholds.” The income values used in this book are for 2011.
Families with a net income between $41,544 and $83,088 are eligible for an extra 10% grant on the first $500 of contributions each year for a total of $50 per year.
Families with a net income of $41,544 or less are eligible for an extra 20% grant on the first $500 of contributions each year for a total of $100 per year.
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