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CANADIAN INSTITUTIONAL INVESTORS ONLY
THIS SITE IS INTENDED FOR CANADIAN INSTITUTIONAL INVESTORS ONLY. IT IS NOT INTENDED FOR THE GENERAL PUBLIC OR FOR INVESTORS THAT DO NOT RESIDE IN CANADA BY ACCEPTING THIS TERMS OF USE AGREEMENT, YOU CONFIRM THAT YOU ARE ENTITLED, UNDER THE SECURITIES LEGISLATION OF YOUR PROVINCE OF RESIDENCE, TO PURCHASE SECURITIES WITHOUT THE BENEFIT OF A PROSPECTUS BECAUSE YOU ARE (I) AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF NATIONAL INSTRUMENT 45-106 PROSPECTUS AND REGISTRATION EXEMPTIONSAND/OR (II) A “PERMITTED CLIENT” WITHIN THE MEANING OF NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS.
If you are a Canadian resident and seek information on products and services available to the general public, please visit the Franklin Templeton public website at franklintempleton.ca. If you do not reside in Canada, please visit our international websites link for assistance with products and services legally available in your place of residence.
Nothing on this Site shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such solicitation, offer, purchase or sale would be unlawful under the laws of that jurisdiction.
Please read the Terms of Use Agreement and indicate your acceptance.
Canada
Contributing to an RESP
Your client can make purchases as they go, or they can set up a preauthorized contribution plan when they open the account.
- The government allows up to $50,000 in contributions per beneficiary
- The government awards up to $7,200 in basic and additional CESG per beneficiary
- Beneficiaries will not be awarded grant on contributions made after December 31st of the year they turn 15 unless they meet this requirement:
Over-Contributions
When a subscriber contributes more than the $50,000 lifetime limit, they’re generally required to pay a 1% per month tax on their share of the over-contribution until it’s withdrawn.
More information
- Calculating CESG – find out how CESG is calculated
- CESG Limits – detailed information about applicable limits of CESG and ACESG
- Over-Contributions – information about over-contributions and withdrawals of over-contributions.
Flyer
Investor Flyer – Client-friendly sales piece that explains the benefits of opening a Franklin Templeton RESP
Forms
- Franklin Templeton RESP Application Form
- Application for Basic and Additional CESG & CLB
- Annex A — use this if your clients are naming multiple beneficiaries to one RESP
- Annex B — use this if the account owner is not the Primary Care Giver
- Annex C — use this to apply for Saskatchewan Advantage Grant for Education Savings (SAGES)
- Annex D — use this to apply for British Columbia Training and Education Savings Grant (BCTESG)
- Point of Sale Fund Facts Library
- RESP Withdrawal Form
