RESP Explained Part 2 | Withdrawals for Child's Education | Canadian Tax Guide Chapter 6 скачать в хорошем качестве

RESP Explained Part 2 | Withdrawals for Child's Education | Canadian Tax Guide Chapter 6

How to I Withdraw from an RESP? What Happens if my Child Decides Not to Go to School? Should I open an Individual Plan or a Family Plan? How are RESP Withdrawals Taxed? This is Part 2 of my RESP Explained series where I break down all of the basics of the Registered Education Savings Plan for Canadian parents! Make sure you watch Part 1 to learn the benefits of an RESP, how to maximize free government grant money and how to invest with an RESP. In this video, I will go over how to Withdraw money from an RESP, the different type of RESP accounts and what happens if your child decides not to pursue post-secondary education! Watch Part 1 First:    • RESP Explained Part 1 | Tax Free Inve...   QUESTRADE REFERRAL 🇨🇦 Use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!👇 https://www.questrade.com/affiliate-o... You can also manually enter my offer code: CANADIANTSHIRT Best SAVINGS ACCOUNT in 2025 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/... RESP Example Excel Link: 📈 Example I used to illustrate how you can save over $85,000 in your child’s RESP by the time they’re ready for college! https://bit.ly/30oV90w LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content! 👇    / canadianinatshirt   Thank you guys for supporting my channel, you’re the best! 🙏 CANADIAN TAX GUIDE: 🇨🇦 Watch my videos to learn the basics of Canadian Taxes and Tax-Sheltered Accounts like the TFSA, RRSP and RESP    • Canadian TAX Guide   SKIP AHEAD ⏩ -Intro: 0:00 -RESP Recap: 0:39 -Withdrawals: 1:39 -Contributions: 2:40 -Grants & Income: 3:32 -Limits on Withdrawals: 6:04 -Child Never Goes to School? 7:28 -Accumulated Income - No School? 9:27 -Types of RESP: 11:16 -Summary: 14:22 WATCH NEXT ▶️ -How Taxes Work in Canada -    • HOW TAXES WORK IN CANADA | REDUCE YOU...   -Best Canadian Stocks During Crash -    • Video   -How to Buy Stocks on Questrade -    • How to Buy Stocks? QUESTRADE Tutorial...   -What is a DRIP? Compounding Dividends -    • What is a DRIP? Investing with Compou...   -Top 3 Dividend Stocks in Canada -    • TOP 3 BEST DIVIDEND STOCKS IN CANADA ...   -Best Canadian Dividend ETFs -    • BEST CANADIAN ETFs FOR DIVIDENDS | TF...   -TFSA Explained Investing Tax Free -    • TFSA Explained | Investing Tax Free |...   -RRSP Explained Part 1 -    • RRSP Explained Part 1 | Tax Deduction...   -4 Steps to Become Wealthy -    • 4 Steps to Become Wealthy | Long Term...   -Norbert’s Gambit - Exchange Currency for Free -    • Norbert's Gambit with QUESTRADE Tutor...   Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies. I’ll be posting a video every Thursday =) FOLLOW ME HERE 👋 FACEBOOK:   / canadiantshirt   INSTAGRAM:   / canadiantshirt   TWITTER:   / canadianshirt   FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -Investing in Dividends - https://amzn.to/37mUnn3 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Millionaire Next Door - https://amzn.to/35ap253 -Intelligent Investor - https://amzn.to/3qoI5nV -Making Money in Canadian Real Estate - https://amzn.to/2SKijw6 CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decisions! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #RESP #CanadianFinance #TaxFreeCanada #TaxFreeInvesting #CanadianInvesting #CanadianTaxGuide #CRA