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Questions around C.S. and when an adult

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  • #16
    RESPs are a little weird especially if it was set up during the marriage. It is not the kids' money. The grant is taxed to the kid but if their income is low it makes no difference.

    If you open your own RESP after divorce that is all your money. The judge in my husband's case even said to his ex “all that matters is he saved money for his portion of the expense and good for him for being that smart”. His ex tried to argue the grant portion was the child's and the judge said yes it is being used for their education. My husband's lawyer said it was good husband was smart and deposited the money first as he beat his ex to the grant funds. Which was probably her beef to begin with. She wasn't eligible for the extra money. She never would have given that as kid's portion if it was the other way around!

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