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Old 09-16-2020, 12:01 PM   #6
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta

Originally Posted by puckhog View Post
I have a question about how the grants work. Our daughter was born in October last year, we opened an RESP and contributed $2500. My question is what happens if we were to contribute over the limit? Just for example, if we were to put $10,000 in now, can we claim the grant for the next four years, or does the contribution have to take place in the same year as the grant?

No, you get the maximum grant and that's that. In other words, if you put $10k in today, you get the $500 and that is it. You could split those contributions into 4 years and get the $500/year, but you won't get it all at once.
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