Sorry if this is the wrong place to post this. Just wondering if you guys could give me a bit of help regarding a letter I received from the government about setting up an RESP.
It suggests I can get a canada learning bond for each of my children without fees or obligations to contribute, but I missed the dates they have for the "super clinics" in my area.
So I learned later that I can go to any bank and sign up an RESP.
So I'm with RBC and can apparently sign up on my own, but online it's going on about investment accounts and trading fees.
So I end up at RBC for an appointment telling her I'm trying to get no fees/contributions(for now atleast) and she's telling me over and over again that I am required to do a monthly contribution if I want to do anything with RESPs/Canada Learning Bonds.
Eventually I showed her the paper I got in the mail and she read it over then changed her tune to "of course you can do that".
But then she proceeded to tell me that I need to bring my wife in because the person who creates the RESP has to be the one who gets the child benefits tax credit.
I told her over and over again that I am the one who gets the child tax credit (although my wife gets the month benefits in her name to our joint account).
Dang frustrating because she'd keep bringing it up and I'd say "well that's me that gets the tax credit, so can we create it?" And she'd change the subject talking about various (BS sounding) reasons my wife needs to be there and wanting us to fill out a budget form.
To me it sounds like they get commission from these investment accounts and because I wouldn't give in to her tactics to get one, she now wants to talk to my wife instead and give her a try.
What do you guys think? And would you have any advice for me trying to get this created?
Or does it really matter about who has the child benefits tax credit? It's me anyways, but I'm not sure if the monthly child benefits would have an effect.
Submitted April 18, 2019 at 11:56AM by orangypurple http://bit.ly/2GjlL9e
