Chuck & Ellen have 2 young children, 1- and 2-year-old and want to start saving for their

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Chuck & Ellen have 2 young children, 1- and 2-year-old and want to start saving for their education. They estimate they will be able to save 30000 for each child by contributing $10000 each year. What is the best way for them to optimize the CESG?

Deposit $3000 per year for 20 years into RESP

Deposit $10000 per year for 6 years into RESPs

Deposit $5000 per year for 12 years into RESP

Deposit $6000 per year for 10 years into RESPs

Related Book For answer-question

Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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Posted Date: May 09, 2022 08:21 AM

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Chuck & Ellen have 2 young children, 1- and 2-year-old and want to start saving for their

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The answer is option d is correct The best way for chuck ellen to optimize the CESG Canada educa... View the full answer

Finite Mathematics and Its Applications

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