Quote:
Originally Posted by puckhog
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?
Thanks!
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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.