Quote:
Originally Posted by ranchlandsselling
So one kid was born September of 2014. I'm just getting around to this now and assuming I haven't missed out on anything.
I'm opening a self-directed RESP for my kid with Scotia Itrade.
I've filled out the account info / application with scotia and with that a:
Basic Canada Educations Savings Grant form
Additional Canada Educations Savings Grant
Canada Learning Bond
Application for Alberta Centennial Education Savings Plan Grant
Am I missing anything?
Now to open the account I need to send $2,500 (max?) into the Scotia account every year? So I could send the first cheque to open the account and the second check on the birthday of the kid in 2015?
Anything else I need to do?
Thanks!
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Okay, so I moved the $2,500 today. Kid is 9 months old, 1 in September. So that I'm not moving $2,500 at once again when do I start the payment plan so $104 is going bi-monthly or $208 monthly? I don't think I can do it today.
Also given the termination of one of the grants is the maximum amount smaller now? I'm happy contributing, but only doing the maximum so I get the most matching. If the matching is now reduced I don't feel the need to contribute the maximum (hope that made sense).
Thanks!