Do digital assets e.g. cryptocurrencies (such as bitcoin, ethereum) non-fungible tokens, qualify as investments in deferred tax vehicles such as Registered Retirement Savings Plans (RRSP’s), Tax Free Savings Accounts (TFSA’s), Registered Education Savings Plans (RESP’s) and Registered Disability Savings Plan (“RDSP’s). The simple answer is no and maybe. This issue…
Tag: RESP
Total 5 Posts
An RESP may be a simple solution for funding a grandchild’s education, but beware of its limitations
This Blog was written by Joanna Mazin, Estate and Trust Planning Lead at MD Financial Management Inc. which is part of Scotia Wealth Management Many clients I work with are interested in finding a tax-efficient way to financially support their minor grandchildren’s savings for post-secondary education. I often suggest that they consider opening or…
Court declined to pay minor’s funds to parent; ordered proceeds of sale paid into court.
RESP’s – How to deal with an RESP on a subscriber’s death
In my last blog, I wrote about some of the preliminary estate planning issues that should be considered with respect to Registered Education Savings Plans (“RESPs”). This week, I wanted to touch on some additional issues regarding estate planning and RESPs.