Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 8 Aug 2012, p. 13

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WWW-mmsmuols Make the most of RESP withdrawals 2012 soouruouss Satu - z“: ‘ .9 , .4 . 7,.» on, child of mm with", mm “m ,3 we“ MAM TATE” Aug 3t 1 . 3 t. l, t y child is about to make ' , '. This allows you to avoid - l 3;" K the next big leap in " ' having to pay the extra lnl- " An m :‘m" ‘”" t.‘ life. from high school to col- \ H )\ I \ tial school expenses out of g d a.“ A f“ : 1 #1,; loge or university. your own pocket or with- ' , - . u ' » 5." “A" ‘3‘} You now have some deci- drawing contributions and a ‘ g glans to make about the ‘9 t potentially having to repay ’ _ i m _ . V. / Registered Education Sav- ' some ofyourCESG monies ' v' : " $1 lugs Plan (RESP) you've so ”payback A” , e ' - faithfully contributed to You maybe required to . . l . m. 1-; ' I thmughtheyeus. ff: refund some of the CESG :_ ‘ " '- . .. .. Ma; ‘2‘ A.” /. You'll want to make the grant money when is any ‘ ,0 V ‘ ' ”r “44â€"; ~‘ ' most of those funds accu- . CESG ternalnlngln the REP ‘- , mulated within your RESP aftermatudent completes . v along with getting the full RUSS (or leaves) their post-sec- . ' , bene tofEducational mu- m 0MPN$IE ' t ‘ WPayments (EAPs). Here at my 800%»: ~ ‘ ‘ g aresomestntegiec beginsschool or you'll trig- “MM“ 354‘ . "9' ”'3' “have Ber a rePIYnlent of the M0" releasingan BAP. ,’~‘- V .‘ ‘ . Eugene withdraw income cgsg your RESP provider will - ' 1v “Ni-YMMV» 3 withlnyourRESPasanEAP. windowing. requireproofofenmlmeut. . t. mmstzoo' l . madeup ofplan income. the W oft-king up; as so get that documentation ' ' _ 12%. M 1' I" 1- , ba- 515.” Canadian Marlon Swings a single lump sum. spread to your carrier as early as m "a ., ”“1 v“- - _.__ u «nu-um . \, Grant (CBC). theCanadlan them over the expected W m ' ' W M. _~; ‘5 ~ We: ' 5 Learning Bond (CLB). and length of the educational “5%,? »- ’3; ‘1‘”ng ”‘9 hula-shah. lam-It, i“ any provincial grants. program and avoid burden- With education CO"! W a” t 5:531 __ , . mum“ because it will be taxed in ”you, student withahuge going up. saving money 'W . a, . h“ , . ' ”mm,“ the hands of the student. taxable income in the first withlnthat WW'W‘ * . v x ' ‘ H . 7 ‘ V wholsllkelytobeinabwer you. declslon. q- ‘ ' ‘ ‘ ' . "mg tax bracket. To avoid a “my“ a ‘Wf _ fl. , N . ' ~"~r-=I".wm potentlal case payback. Most plans team with- m -m 1'1”“; - one: : . . avoidwitluitawlngoontribu- tit-ml; to a maximum or WMRW» - 3”,“; , use. '4.» »' 250.0219 E] dons unless you've paid out 35,000 in the am 13 mg. WWW a“ m; - ”I , ' ,1 . all of your income within of your student's PM. MW 0*“ " A; ‘ : . V g . , 46'“. l yourRESl'asan up You an exceed the :5,” WWW 0m ~ ' ~ ‘ “aw": Don't marrow mu from the mails. 51mmm241ww ”u ‘ ' “‘ ‘ I 5.30 m a“ “0|” before Your student ter of Human Resources ”WWW 'huhunw ' P' ' 4 All events pass Commorative Pins $25 - your ticket to die Openhg Canvas] and was to M I“! _ all20|20ntafio$ummer6amessportingevents ' Sam “at de , Canes I’Ontarlo , - Available online new! TORONT°201 2 20 I Zontafiosummergamesxa GAMES All: amass HERE! , . , . mmmm AUGUST 1 6 Io 'I 9 “=- . ' m . -â€"--..._ uniâ€"o... jotn us for the Opening Ceremony A , r wwmmww ‘ he. runs-- . - so. a. â€" than“. Angst l6,1p.m.atVarsityStadium, : .....§?..... E... ~â€" -- -â€"-- University “Toronto. featuring 3 mm TM 3 u h 1 .......- C J.- Y . ' O A “Mamet-sunning-“

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