The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

t l WM Elliot) calculus - wednesday.AugustZS.2010 - i9 3* . ,~ ~ ., g at ‘ a . Get the most from kid’s RESP " 3* l ’7' 7.: You thought investing withdrawing con- removing con- 3' i n in a Registered Educa- lfibUliOIlst \ I \}\ l \ tr i b u t i o n s , ‘ . , ‘ _ - 7’. ‘5 tion Savings Plait was Wilt untilyour \ ) - . harms the. Waterloo I‘.)‘.)"‘ 1 ~‘ £5115 ‘ â€" -â€"T'â€"‘-‘3 I; a good idea. And now. as you student begins . H \ l \ plan’s tax- l I it“; In look deeper into the real schoolto , . d e {E l' t e d l . 1 costs of that education, you WWW ' . gtUWth and g g , ; ' "‘1': , know that your investment contributions 3 could trigger a _‘ E a ‘- our" ~ was a great idea Taking them CESU payback. a. . ,.; ‘ Now it's time to get the 01“ earlier may ‘ ’ Makeameaioi ‘ e. - . '1 . most out of that RESP. Here‘s trigger a (IESG . ., . leftovers ._"< '71 * - how repayment. " ‘ Contribu- Handtheincome to your Spread out BAP: ‘ tions that student to save on taxes By spreading remain in your When you elect to with- EAPS 0V9? the plan after your draw RESP income as a pan expected length student finish- You CHOOSE of Education Assistance Pay- of your student's es college or . . ments (FAPs) â€" which con- educational pro- university can MINImiim 1 year/10,000 km or 1 year/20,000 km warranty sist of plan income. the gram. instead of be used any Canadian Education Savings taking them as a lump sum, way you wish. You can trans- Grant (CESG). the Canadian you'll avoid saddling your fer the cash to another . Learning Bond (CLB), and student with a huge taxable child’s plan or withdraw it any provincial mm _ they income in the first year and for your persona] use. wiii be taxed in the hands of take advantage of your stu- There's no doubt about it, see US At - the student beneficiary, who dent's (very likely) lower your RESP investment was a will likely be in a lower tax marginal tax rates over a great idea that is about to bracket than you. number of years. provide some very welcome 0 r esa u 0 I co m Mont plan mm Limit initial withdrawals financial relief. I I If your student com- Government restrictions k d pletes (or leaves) a post-sec typically cap plan income a ma es an madels ondary program and there withdrawals in the first 13 Thiscolumnisprouidedby ‘ a _ ~ ~‘.‘ ,. 3 . W are earnings remaining in weeks of your student's pro- McEachm'e Private Wealth W ‘ . _ \ . «of? ‘ your RESP, you might be gram at a maximum of Management. ContactRuss . - ‘ ‘ ' required to refund some $5.000 including CESG.You McEachnie,CFRcsA.copA -‘ 2f », .dfl" CESG grant money. can supplement these limits a1519-886-2360axt. 241 or " -- -. V53 9' ; Avoid potential claw- by redeeming a portion of gum wwinuestongrvup. 1 ‘1 1 -va backs by using the plan's your RESP contributions â€" com/consult/russelL ‘ s . ,_ a ~ earnings and CESG before but try not to because mceachm'e 4 16’995-3 1..“ $28,995 ‘ 2010 WWMMM10.4cyl.,2.0Imr.rwo. 2010 FORD EDGESEL £1850 km, burgundy. air. mil-belt brakes, anti-M was Stock 09916. 6 at. 3.5 liter. Iutornaiic.AWD. 39200 km, , control, heated minors, when. mirrors. steering,win- black.AC. mm. load. mirrors. cruise. Mays. War- ' \\ flows. Taxesand license “FEW indium. rantylnciudod, cement included. mam license extra. 5 (a ”fa , I / W. p n '- I .,....,.. /‘\\\‘/ . \‘t‘fite'm 90:15” WW . I M \ ‘ .. I I f \ DlSlr r' Srco Bun: ‘» " ' . I, J..- ”t...” X ’ s â€" .37 w: BItShl if“ M" * ‘ ’1 a some ac to c on .. w I. 511395: 323,995: THEStiali. Sememiler 7 zoosciisvnom counts 2007MAZMGX-78p0rtutility405. «393. Stock #99151 cyl. 2.2 liter. manual. FWD. 63800 km .red. ‘ 67‘ turbo 2.3L, an. AVID. 75826 km. Bed, leather. heated AC. bucket seats. airbags. AMFMCD. Warranty induced, seats, pm. moot. dual chrome exhaust, full power group. 1 .. . ‘ _ . ' g carproot and service records WWJAXBS, license extra. alloys. AMFMCD, carprool. warranty palates, its. extra. \ ~. . . , . _‘ . . - | ‘ . 707;- 7" 7 - , _ I a at »' l . ".’ _.$ 995 / ‘s - l Elementary . . “m 18’ â€" 10’9954 JUNO, Um who, ”“11”qu , a . . . . mmmmmnammutmao MWMTLTSMM1 . cyt. . . fl ' , > . ' _ liter,on.mnatic.m.70150km.blldt.bbdtmlor, 2.2L..mm..m,mso.bhck,Ac.smot.pwrwim. - ‘ ‘ “ ' momma-a m.wlrm.lodu.mm and“. lode. mm.mm,mm.m.doya,wm Secondary srhools r. . - ‘ W0.Ii|oyl.m.wprooilnd.Tms,ilc.cm mmmmvarmtymtwmnum . . » . . 7 ”at ' W , , ‘ x655?“ ‘ ’ 1r ism: #00 Late to reatstefl '3, q a. i u ‘ . ‘ _ ‘ . . ‘smss; ' ,. s8,995 - ' m-swvvtlth mucuDAAOOORDLX-Bsmck s:o1.4., MMDREEBTMSMMM .n. 2.“.0..mm.m.126500 ltm.darkbiln.5md.AC, 6m..4.2L. m.m..rwo.1zaaao murmur»- owrwtndom. beta. minnow-o. WJMFMCD, domJocltahut. mirrors,ailoys.powsrsildngdoors.kay- wprootawamntyindhmlicm mm.mm.mrwoothdtm.l‘m,lic.om. 583 Colby Dr. Waterloo 519-885-2000 Shop on-Iine 24/7 I Finance Problems I Trades forbeatoyotacom Call our specialist Welcome