Free College Essays.com - Free Essays, Term Papers and Book Reports.


		Search Lots of Essays

	Data Base
	• Home • Custom Term Papers • Free Essays • Free Term Papers • Free Research Papers • Free Book Reports • Plagiarism?
	Links
	• Search 101,000 Papers @ MegaEssays.com • Search 100,000 Papers @ DirectEssays.com • Search 95,000 Papers @ ExampleEssays.com
	Free Essays
	• ChuckIII's Free Essays • College Term Papers • Free Essays • Free College Essays • Learn Essays
	Contact Us
	• Contact Us

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ALL

You Have Viewed Too Many Free
Essays, Term Papers, and Book Reports.

Retirement Funds

Retirement Funds

Registered Education Saving Plan (RESP)
A Registered Education Savings Plan is essentially a tax-deferral savings plan that you open on behalf of a future post-secondary student. While RESP contributions are not tax deductible, the income earned on contributions compounds on a tax-deferred basis. You may contribute up to $4,000 per year per beneficiary and RESP contributions may be made for up to 21 years — to a lifetime maximum of $42,000 per beneficiary. (Plus, the federal government will pay you an incentive on a portion of your RESP contributions — see Canada Education Savings Grant below.) An RESP terminates when all the funds have been withdrawn or 25 years after the plan was opened, whichever comes first. 
You may withdraw your RESP contributions at any time, with no tax consequences — only the accumulated income in the plan is taxable. When money is eventually withdrawn from an RESP to pay for education-related costs, the income is taxed in the hands of the beneficiary (the student), not the contributor. If the student withdraws the money over a few years, the income should attract little or no tax. 
Subject to certain conditions, if the beneficiary does not pursue post-secondary studies, up to $50,000

resp, income, plan, beneficiary, contributions, rrsp, education, tax, subscriber, savings, must, student, years, retirement, per, investment, grant, accumulated, year, withdrawn, self-directed, save, room, options, maximum, however, federal, child, cesg, available, under, taxable, tax-deferred

Word Count: 1099

Acceptance_Essays

American_History

Anatomy_&_Physiology

Animal_Science_&_Zoology

Anthropology

Architecture

Art

Astronomy

Aviation

Biographies

Book_Reports

Business

Computers

Creative_Writing

Current_Events

Economics

Education

Engineering

English

Environmental_Science

Ethics

European_History

Film_&_TV

Foreign_Languages

Geography

Government_&_Politics

Health_&_Beauty

History_Other

Human_Sexuality

Legal_Issues

Marketing

Mathematics

Medicine

Miscellaneous

Music

Mythology

Philosophy

Physics

Poetry

Political_Science

Psychology

Religion

Science

Shakespeare

Social_Issues

Sociology

Speech

Sports_&_Recreation

Supernatural

Technology

Theater

Theses_&_Dissertations

	Search
	• Search 101,00 papers @ Direct Essays