Is it possible to open an RESP for myself today and when I have children, transfer the balance to my children's RESP account to receive annual CESG payments?
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You can if you are under 17 years old. Anybody can open RESP except corporations/organizations/... but to receive CESG, there are strict rules. – vimdude Feb 14 '15 at 2:10
Absolutely no.
A RESP can be opened only by a older parent. The RESP has to be opened before the child turns 16 years old not 17 years old. Check this link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/menu-eng.html
