Registered Education Savings Plan


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Related to Registered Education Savings Plan: Registered Retirement Savings Plan

Registered Education Savings Plan

In Canada, an account into which a person makes contributions up to a certain limit in order to save for a university education and from which he/she begins to take distributions to pay for tuition and other expenses. A Registered Education Savings Plan allows for tax deductible contributions and taxable distributions; that is, contributions are tax-deferred until withdrawals are made. Registered Educations Savings Plans may be invested in securities and usually own common stock and certificates of deposit. See also: Registered Retirement Savings Plan.
References in periodicals archive ?
Look in the yellow pages under registered education savings plans, or visit the HRDC website, which lists active RESP promoters whose education savings plans are currently registered with the Canada Customs and Revenue Agency.
Exempt Canadian registered retirement savings plans (RRSPs) and registered education savings plans (RESPs) from the Form 3520-A filing requirements and their U.
Though popular, registered education savings plans and the related Canadian education savings grants are a needless, complex and ill-targeted way of supporting postsecondary education.
What are Registered Education Savings Plans (RESPs)?
Lee told the couple to save $600 in income tax annually by opening three Registered Education Savings Plans and transferring the limit of $1,500 to each plan from the mortgage fund each year.
Registered Education Savings Plans and Registered Retirement Savings Plans as well as segregated funds experienced large drops; eight seven and eight points, respectively.
enhancements to registered education savings plans for students with disabilities,
Some general observations are made, including the inclusion in the budget of the Registered Education Savings Plans, which allow parents to save for their children's education, study grants for full- and part-time students with dependents, and new scholarships for students starting in 2000.
Recall that in the November 1992 issue of ACCN, the author reviewed the rules dealing with registered education savings plans, or RESPs as they are commonly called.
TORONTO -- The Ontario government is ending a rule that requires social assistance applicants to liquidate their registered education savings plans.
This note is eligible for Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs) and Registered Education Savings Plans (RESPs).

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