Visit to a blind student's school🧑🦯🧑🦯(community medicine)
RESP Jan 2011 by ACCA
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
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%
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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
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