Hi there,

I am looking for some clarity in understanding how RESP + Govt Grant come into play when dividing child post-secondary expenses.

I am the ONLY contributing parent and my child has $2500 in grant money in his RRSP.

Let's say we agree to share 50/50 post secondary costs. Let's say, my son has $12,500 in his RESP (incl $2,500 grant money). We need to come up with $20,000.

I am trying to understand how we split this $20,000 where 1 parent already contributed $10,000 into RESP over the years to take advantage of $2,500 in grant money.

There are 2 options that I heard of:

Options A: $20,000 - $2,500 (grand amount) x 50%, where the contributing parent can put his $10,000 in RESP contribution against his share

Option 2: $20,000 - $12,500 (full RESP amount) x 50%, in this case the contributing parent has paid significantly more than his fair share, but where the full RESP is considered to be my sons.

If you can help me out to figure this out, that will be greatly appreciated!

Thank you!

I am looking for some clarity in understanding how RESP + Govt Grant come into play when dividing child post-secondary expenses.

I am the ONLY contributing parent and my child has $2500 in grant money in his RRSP.

Let's say we agree to share 50/50 post secondary costs. Let's say, my son has $12,500 in his RESP (incl $2,500 grant money). We need to come up with $20,000.

I am trying to understand how we split this $20,000 where 1 parent already contributed $10,000 into RESP over the years to take advantage of $2,500 in grant money.

There are 2 options that I heard of:

Options A: $20,000 - $2,500 (grand amount) x 50%, where the contributing parent can put his $10,000 in RESP contribution against his share

Option 2: $20,000 - $12,500 (full RESP amount) x 50%, in this case the contributing parent has paid significantly more than his fair share, but where the full RESP is considered to be my sons.

If you can help me out to figure this out, that will be greatly appreciated!

Thank you!

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