CONTRIBUTING TO AN RESP

Contributions by a subscriber make up the capital portion of an RESP and always belong to the subscriber. Contributions are not tax deductible. Tax receipts are not issued.

Annual Contribution and Grant Payment Limits:

Annual Contribution Limits:	1998 to 2006:		$ 4,000
Annual Contribution Limits:	2007 or later		No annual limit
Basic CESG Payment	1998 to 2006:	Annual amount	$ 400
	1998 to 2006:	Yearly maximum payable with carry forward	$ 800
	2007 or later	Annual amount	$ 500
	2007 or later	Yearly maximum payable with carry forward	$ 1,000
Additional CESG Payment	2005 or later:	Yearly maximum payable (10% or 20% on the first $500 of contributions)	+ $ 50 OR + $100
Total CESG Payment (Basic + Additional)	2005 to 2006 :	Yearly maximum payable with carry forward	$ 900
Total CESG Payment (Basic + Additional)	2007 or later:	Yearly maximum payable with carry forward	$ 1,100

Lifetime Contribution and Grant Payment Limits:

RESP Lifetime Contribution Limit	$ 50,000
Basic & Additional Grant lifetime limit	$ 7,200

Checklist to Make a Contribution:

Mackenzie plan number
Investment instructions and corresponding beneficiary allocation instructions

Receiving Grant
Grant Approval Process under HRSDC Grant Overview.

Important Contribution Dates to remember

Age 16/17 year rule
31 years contribution limit – maximum age for a beneficiary to receive contributions within a family plan

Mutual funds sponsored by Mackenzie Financial Corporation are only qualified for sale in the provinces and territories of Canada. Please read a fund’s prospectus and speak to an advisor before investing.