Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Have you been putting off an RESP? It could cost you $500!

Slava · 04-22-2013, 09:06 AM

One of the overlooked parts of the recent Alberta budget is the phasing out of the ACES (Alberta Centennial Education Savings) grant for RESPs. This grant gives $500 to all children born in Alberta in 2005 and later.

While no dates have been announced for the phase out at this point, if you have been delaying setting up an RESP, you ought to act soon. This is basically free money for your childs education! There are also $100 grants in this program for children turning 8, 11 and 14. If you have kids that meet these criteria, you will want to look into this sooner rather than later to avoid missing that cut-off date when its announced.

There is some additional information on eligibility and such here: http://eae.alberta.ca/funding/aces.aspx

If you have any questions please feel free to post here I can do my best to answer them, or PM me if you like.

(I get that this is pseudo-political as it involves the provincial budget, but if we could leave that discussion for another thread it might be better for everyone!)

04-22-2013, 09:06 AM	#1
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	Have you been putting off an RESP? It could cost you $500! One of the overlooked parts of the recent Alberta budget is the phasing out of the ACES (Alberta Centennial Education Savings) grant for RESPs. This grant gives $500 to all children born in Alberta in 2005 and later. While no dates have been announced for the phase out at this point, if you have been delaying setting up an RESP, you ought to act soon. This is basically free money for your childs education! There are also $100 grants in this program for children turning 8, 11 and 14. If you have kids that meet these criteria, you will want to look into this sooner rather than later to avoid missing that cut-off date when its announced. There is some additional information on eligibility and such here: http://eae.alberta.ca/funding/aces.aspx If you have any questions please feel free to post here I can do my best to answer them, or PM me if you like. (I get that this is pseudo-political as it involves the provincial budget, but if we could leave that discussion for another thread it might be better for everyone!)