Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - How much (monetarily) will you help your kids?

pseudoreality · 08-24-2016, 08:29 PM

I've got an RESP for my daughter and contribute the $2500/year to get the $500/year matching. She'll get the matching and interest portion for sure, but my wife and I might claw back some of the principal depending on the situation. The NWT government provides pretty good funding for students to go the post-secondary institutions. I've never had a new car and view them as luxury items. So she can buy that with her own money. Same goes with owning real estate.

08-24-2016, 08:29 PM	#10
pseudoreality Powerplay Quarterback Join Date: Jul 2012 Exp:	I've got an RESP for my daughter and contribute the $2500/year to get the $500/year matching. She'll get the matching and interest portion for sure, but my wife and I might claw back some of the principal depending on the situation. The NWT government provides pretty good funding for students to go the post-secondary institutions. I've never had a new car and view them as luxury items. So she can buy that with her own money. Same goes with owning real estate. Last edited by pseudoreality; 08-24-2016 at 09:46 PM.