RESP的利弊

[cbc369]

I have a different view on this: the 30% tax rate is different from the 20% government award. For RRSP credit, you can carry over for ever, i.e., whenever you have extra money, you can buy it. However, you can only get the 20% award on the year you are entitled to. If you miss, you can not buy it back, i.e., you can not get the 20% award from last year's. For the RESP, you can only make contribution when your child is under 18 yr old. For the mortgage, you can have it as long as you wish.

最初由 Timothy's 发布
I did some math on RESP, found it may not worthy for many people.
An average Chinese in Ottawa if he or she holds a permanent job (likely in IT) will make above 50000. If you have a mortgage about 150000.Then the math turns out for 2000 dollar.

You are at 30% tax rate. If you put 2000 in RRSP you get 30% back. It is higher than 20%.

If you put additional 2000$ annually to your mortgage, you may be mortgage free before your kids go to college. So you have the mortgage money for his education, and you can deduct some of his tuition from you income, 2004 is 4000 dollar.It turn out to be almost even.

 

[小傻]

最初由 Timothy's 发布
For the mortgage part
2000 dollar to mortgage.This saving is not 2000x5%.
The interesting saving is 2000x5%x25years = 2500 dollars.
...

come on, say your mortgage initially is for 25yrs, if you put extra 2000 every year, is it still 25yrs?

 

[小傻]

最初由 cbc369 发布
... However, you can only get the 20% award on the year you are entitled to. If you miss, you can not buy it back, ..

Is it true?

 

[小傻]

I think there are some conditions(or priority) with regard to buying RESP...

Topping up RRSP may be the best choice, as lots of people here hit 40% tax bracket; For people having kids, RESP is a very safe investment (if you invest at all), after 18 yrs, the preminum you put now therotically will be still under your name if you don't want to give it to your kid (no interest saving for you); Paying the lump sum for your mortgage may not be that urgent

 

[小傻]

最初由 领导 发布
这个算法好像不是很合理。你这样想是假设政府补贴的２０％=２０％投资回报。但根据经济学上的机会成本来讲，你这４００块如果放在RRSP里，就象Timothy所说，那你省下的就是３０％而不是２０％了。即使不放在RRSP里，投资都有风险，谁也不能保证你年初的一块钱到年底还是一块二或者更多。

个人浅显的看法，希望听取更多意见。

You can choose to buy low risk (or no risk) RESP fund, of course, 根据经济学上的机会成本来讲, low risk also means low return

For RESP, I would play it safe.

 

[cy25915]

如果不用与孩子上学, $2000投资获利部分都不能取出来?

还是$400和$400的获利部分都不能取出来?

如果能取出$2000的获利部分,税率是多少?

如果用与孩子上学, 税率是多少, 还是不用交税???

最初由 挺傻 发布
你取出,不用交税,因为你买的时候用的是税后收入.
但是如果不是因为你孩子上大学取出来的,只能去你买的部分,政府补贴和你的投资获利都不能取出来.

 

[zhzh]

最初由 小傻 发布


You can choose to buy low risk (or no risk) RESP fund, of course, 根据经济学上的机会成本来讲, low risk also means low return

For RESP, I would play it safe.

My two cents:

It's all right to get low return with low risk, I have seen some friends lost all saving when market plunged and didn't have money to pay the tuition when the kids went to college. I think I should seperate my investment into diff portfolio (with diff risk level), so 2000/y in low risk / low return is not that bad, at least you can sleep well bcs you would have enough money for your kids to go to school

 

[Mooney's Bay]

where and how to buy RESP? any good and bad experience? any recommendation? thanks

 

[寺言]

最初由 cy25915 发布
如果不用与孩子上学, $2000投资获利部分都不能取出来?
---NO. But you can transfer to other children with $400 grand and interests part.

还是$400和$400的获利部分都不能取出来?
----If your child choose not go to secondary school, $400 grand and interests will return to gov.

如果能取出$2000的获利部分,税率是多少?
----That part should belong to your child as well, not you. Only your contribution is your after-tax money. It is back to your account.

如果用与孩子上学, 税率是多少, 还是不用交税???
---The interest of your contribution and $400 grand + grand interests will consider as your child's income which is taxable. However, students are normally low income group. Normally they don't need to pay tax, unless they are rich.