Quote:
Originally Posted by Izzle
I think the main reason for us going with separate RESPs is that we plan on having 5 years or so of a gap between kids. Allocations would be different given the respective kids ages. With a family RESPs, my understanding is that it is split evenly between the kids. Also it is cleaner when time comes to withdraw from the RESP, you don't need to keep track of the EAP between the kids. Whatever is in RESP 1 is for kid 1.
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No, you can allocate as desired