Canada Registered Education Savings Plan, OSAP, Child benefit, Investors education. Non-Commercial source. Made and updated by CEDI & ACCA, www.ccesop.org

1. CANADIAN EDUCATION SAVINGS OUTREACH PROGRAM (CCESOP): By CEDI in Montreal Centre d'éducation et de dévéloppement interculturel Intercultural Development and Education Center By ACCA in Toronto

4. Income Tax & Family Benefits Taxable Income 0- 10,320 10,320- 36 , 848 36 ,020 - 40,726 40,726 - 64,882 Tax Rate 0 21 .05 % 24.15% 31.15% 64,882- 74,698 74,698- 76,440 76,440- 81,452 81452- 126,264 OVER 126,264 32.98% 35.39% 39.41% 43.41% 46.41%

14. Why should I bother RESP after all?

15. Why should I start early? Based on a monthly $100 contribution, earning 6% tax-free compounded interest

20. As long as I save, no matter how little..

23. A dditional CESG For F irst $500 annual contribution Family Net Income Level Basic Additional Total $ 41,544 or less 20% 20% 40% $ 40,970-- $83,088 20% 10% 30% $ 83,088 or more 20% NA 20%

24. Numbers I Need to Know Annual contribution for grant: $2,500 Carry-forward policy allow Make Up for missed years Total Grant: Up to $7,200 lifetime per child Total Contribution: Up to $50,000 lifetime per child Maximum Grant Available Per Year (carry forward) Contribution Required Percent of Capital $1,000 $5,000 20%

26. If I can afford $500 per year ( Family Income under $40,000) ： I save $500 each year ： Government will Give me: First Year: $ 700 Afterwards : $300 Per Year

27. After 14 Years

28. If I can afford $2500 per year I save $2500/y Get Basic CESG : $500/y Lifetime CESG: $7200

29. After 14 years http://www.moneychimp.com/calculator/compound_interest_calculator.htm

30. Using my RESP..

33. Which RESP works for Me?

34. Before Invest, Investigate

35. WHERE CAN I OPEN AN RESP?

36. Major Group Plans

37. Compare Plans I can make regular deposit I love investment; I can’t make regular deposit Good for Me if Restriction on contribution and withdrawal. Cancellation Penalty;Protection of capital and 6% return rate on average. Flexible Risk of capital loss Pros &Cons Entrance Fee and Annual Management Fee Management Fee, Transaction Fee ， Commission Fee Low-Risk Mutual Funds and Bonds Saving Account ， GICs ， Stock ， Mutual Funds What Group Plan Dealers, Banks ， Mutual Funds Companies ， Insurance Companies ， Financial Advisors Where Group Self-Directed

40. The RESP vs OSAP Debate