Marco was born in 2019. As his mother is very keen on tax planning, she establishes an RESP for Marco by contributing $1,000 to the plan in 2019. Marco's grandmother contributes an additional $400 to the plan on the same day.
In 2020, Marco's mother contributes $2,200 to the plan, while the grandmother contributes an additional $1,900. Marco's family has never had family income of more than $40,000. Determine the amount of the CESGs that would be added to Marco's RESP in 2019 and 2020.

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The Answer of Marco was born in 2019. As his mother is very keen on tax planning, she establishes an RESP for Marco by contributing $1,000 to the plan in 2019. Marco's grandmother contributes an additional $400 to the plan on the same day.
In 2020, Marco's mother contributes $2,200 to the plan, while the grandmother contributes an additional $1,900. Marco's family has never had family income of more than $40,000. Determine the amount of the CESGs that would be added to Marco's RESP in 2019 and 2020.

Marco Was Born in 2019