04 Dec, 2012
Ottawa Giveaway Alert: Tradex wants to stuff your stocking!
By andrea tomkins in Fishbowl patrons,Giveaways and product reviews
We have a winner! Thanks for your entries everyone!
This great little giveaway is brought to you by Fishbowl patron Tradex. (You may recall the RESP post I wrote that was inspired by Tradex!)
But before I get into the nitty gritty, I want to mention a couple points to tie a bow on that previous RESP post. If you have child who turned 15, 16 or 17 in 2012 you should note that:
- In order to qualify for the 20% Canada Education Savings Grant (CESG) on contributions for a beneficiary in the calendar year in which they turned 16 or 17, a minimum of $2,000 in RESP contributions must be made for that beneficiary before December 31 of the year in which the beneficiary turned 15 years old.
- The last year that the CESG is payable is the calendar year in which the beneficiary turns 17. In other words, you don’t have a year after the child turns 17 to make that contribution. If his or her birthday is in December, you have less than a month!
RESPs can add up to some nice (free!) money from the government, so it’d be a shame to miss out on it due to a misunderstanding of the rules.






