Maximum RESP contribution Canada
What is the maximum Registered Education Savings Plan (RESP) contribution in Canada?
About the Maximum RESP contribution Canada:
The maximum lifetime RESP contribution limit is $50,000 per child.
There is no annual limit on the RESP contributions. However, the Canada Education Savings Grant payment is based on a maximum of $2500 of contributions made per year.
The Canada Education Savings Grant payment is based on a maximum of $5000 of contributions made per year if the child has accumulated grant room.
The Canada Education Savings Grant is paid to children until the age of 17.
[...] federal budget, the maximum government contribution is $500 per year to a participating RESP. The maximum lifetime contribution is $50,000. The maximum amount of grant per child is $7,200. Related Posts:Maximum RESP [...]