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Mario was born in 2018.As his mother is very keen on tax planning, she establishes an RESP for Marco by contributing $1,000 to the plan
Mario was born in 2018.As his mother is very keen on tax planning, she establishes an RESP for Marco by contributing $1,000 to the plan in 2018.Mario's grandmother contributes an additional $400 to the plan on the same day.
In 2019, Mario's mother contributes $2,200 to the plan, while the grandmother contributes an additional $1,900.Mario's family has never had family income of more than $40,000.Determine the amount of the CESGs that would be added to Mario's RESP in 2018 and 2019.
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