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Last year Jack contributed $1,000 to an RESP for his daughter.This contribution will earn a CESG of $200 (20% of$1,000), leaving $1,500 in CESG contribution
Last year Jack contributed $1,000 to an RESP for his daughter.This contribution will earn a CESG of $200 (20% of$1,000), leaving $1,500 in CESG contribution room available to carry forward in future years.
This year, Jack contributed $5,000 to the RESP. The CESG is limited to $2,500 of this years contribution, plus the$1,500 carried forward from last year. How much will he receive from the CESG?
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