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

darklord700 · 04-06-2015, 08:19 AM

I have a general question about RESP. Suppose I contribute $2500 and get a $500 grant.

And subsequently, that investment losses $500, where will that loss come out off when I withdrawal the funds?

Does it mean my contribution goes down by $500 and the $500 grant will be taxed in the hand of the beneficiary or vice versa? Or will the loss be pro-rated between grant and my contribution? Thanks.

04-06-2015, 08:19 AM	#36
darklord700 First Line Centre Join Date: Oct 2009 Exp:	I have a general question about RESP. Suppose I contribute $2500 and get a $500 grant. And subsequently, that investment losses $500, where will that loss come out off when I withdrawal the funds? Does it mean my contribution goes down by $500 and the $500 grant will be taxed in the hand of the beneficiary or vice versa? Or will the loss be pro-rated between grant and my contribution? Thanks.