We started investing in our Daughter's RESP only in July 2025. So far we have invested 4500$ from our own money into Growth ETF ($XUS$QQC$TEC$TECI$CHPS$DRAM$FINN$VCN). Allocated 12.50% each on these 8 ETF's. We have invested in $QDAY$SDAY$CDAY only from the CESG (Govt Grant) + Capital Gain + Dividends + Distributions received (1331.40$). Approx 30% allocated (20% CESG + Distributions reinvested). We choose these 3 because of the Nature of these funds. 100% Growth. Income generated from the internal borrowed leverage of 25% from the Fund Manager. Possibly will add $BDAY to the list as well in future. She is 7 yeas old. We missed investing in RESP the first 5 years. So we can invest extra 2500$ every year for the next 6 years (2026-2031) in order to get the full 1000$ CESG from the Govt. As per the rules, we can add extra 1 year at a time for the missing year to invest inorder to get the full Govt Grant. i.e Planning to invest 5000$ every year for the next 6 years to get 1000$ CESG/year. That's 20% gain right up front. Here is the screenshot of RESP Tracker...!!! NOTE: The title "LITTLE PRINCESS FAIRY TALE RESP" was chosen by my Daughter 😂 For Anyone who is new to RESP: Max allocation for Govt Grant of 20% match.... Per child : 50,000$ max can be invested from our Own money. Max Grant per child can be received from Govt is 7200$ Basically for 36000$, we can get Govt Grant (2500$ every year for the first 13 years, 1000$ on the 14th year). Max Govt will grant is 500$/year (additional 500$/year for any missing year if you invest) We don't get grant for 14000$. Which can be invested anytime. Most people will invest upfront to capture the growth opportunity... Here is our plan. 2025: 2500$ ✅ 2026 + 2019 : 5000$ (🟠 so far 2000$ invested) 2027 + 2020 : 5000$ 2028 + 2021 : 5000$ 2029 + 2022 : 5000$ 2030 + 2023 : 5000$ 2031 + 2024 : 5000$ 2032 : 2500$ 2033 : 1000$
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Paul
@paul12345 · 2h
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