Forms
What form is used to open an RESP with the fund co?
4821
True or False - Jango, 30 years old, opens an RESP for his full blood child Boba 6 years old. Would Boba would be considered the subscriber.
No, Jango is the subscriber
Do you look for grant information under CAUTIONS, OPTIONS or ATTRIBUTES
ATTRIBUTES
When can you submit an Annex D?
Bene must be between 6-9
What is an RPAC
RESP PAC
True or False - Annex C is meant for BC grant
False - Annex D is for BC grants
A Client calls you and informs you that they are setting up an RESP. They want to know what goes in the promoter field. What do you tell them?
SLGI Asset Management Inc. as that is the name registered with the ESDC
Where can you find beneficiary grant allocation split?
RESP account info - attributes
When do you need an Annex A?
Adding bene's to a NEW RESP account
What is an RHMAINT
Non fin RESP
True or False - AOB is the only way to add a beneficiary to an account
False - LOD will suffice with an amended app.
What is a POE and what is an example of one?
Proof of Enrolment - Timetable, payment receipt, acceptance letter etc.
Where can you see pending grant payments?
RESP pending transactions
If a rejection from the ESDC states that the beneficiary's DOB does not match their records, what would you do?
2. Reach out to AOR to confirm the information and provide the amended docs
3. Advise AOR that Client needs to call ESDC and update you with results of Call
Can you use a REGNASU worktype to obtain RESP apps?
NO, RNASU
Annex D - do we require proof of the Client's ID via photocopy to be submitted with the Annex D?
No, document proof is not required for submission, just the name and information from the document
What does the ESDC stand for?
Employment and social development Canada - administers grants
Where can you find breakdowns of grants within an RESP in ifast?
Notional info, notional activity, grant information
RESP grant form submitted. Bob is on line 1 as the PCG and PLG. His SIN is on line 5. IFDS is asking for the Annex B. Why is or isn't this valid?
Annex B required when the subscriber is not the PCG and/or PLG
RPAC should be suspended for 2 days minumum no matter what. Is this true?
No, 1 day for fins as a general rule