The subscriber(s) who opened the RESP typically maintain control, but this can be addressed in your separation agreement. Under Canadian law, the subscriber who opened the RESP maintains legal control of the account after separation. [...]
While legally possible, withdrawing RESP funds during separation is rarely advisable as it reduces your child's education fund and may trigger penalties. Although you may technically be able to withdraw your contributions, doing so can [...]
Post-divorce RESP contribution arrangements should be based on each parent's financial capacity and formally documented in your separation agreement. When structuring ongoing RESP contributions after divorce, consider approaches that reflect each parent's financial capacity. Common [...]
If your ex stops contributing to the RESP, review your separation agreement for enforcement options or consider adjusting your approach to education savings. When your ex-spouse stops making agreed-upon RESP contributions, first check your separation [...]
The decision between maintaining one RESP or creating separate accounts depends on your specific situation and ability to cooperate after divorce. Maintaining a single RESP offers advantages like simpler administration, maximized compound growth, coordinated investment [...]
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