Thread: RESP Question
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Old 10-01-2016, 01:04 PM   #1
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Join Date: Feb 2005
Default RESP Question

This is kind of a small question, but I haven't found a clear answer online, and I'm not sure where to put this, so I'll just start a new thread.

I see that there's a carryforward rule with RESPs where I can contribute $5000 per year to catch up for under-contributions in previous years. My question is if this works like a TFSA, where you don't have to have an TFSA open to accumulate this amount. Or can I only catch up on RESPs that have been opened in the past.

I guess the question is: Do my under contributions accumulate whether or not I have an open RESP for that child?
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