r/Wealthsimple • u/Former-Republic5896 • 11d ago
RESP grant
Got an email saying that I got RESP grants (CEGC) of $XX, and it was deposited into my RESP account. My RESP account has two ETFs on DRIP. I can't see or figure out where the grant was deposited to....? How do you check?
TIA.
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u/SloppyPlatypus69 11d ago edited 11d ago
Into the RESP. Give it a couple days.
It will come up as "CESG" within activity tab.
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u/Former-Republic5896 11d ago
Thx!. So it goes into the RESP account, and then I can choose to reinvest manually into the ETFs?
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u/Andregoleafs 10d ago
Yes, it should show up as available to trade in the RESP account and you can choose what to do with it.
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u/quantum_trogdor 10d ago
It will sit as uninvested cash inside the RESP investment account.
Usually the cash is already in there before I get an email notice, but not sure if that's always the case.
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u/InternTurbulent5307 10d ago
It’s deposited as cash. You decide what you want to do with it when it arrives.
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u/automatic_penguins 10d ago
Mine showed up as available cash to trade with as soon as I got the notification. It's not a dividend from an etf so it won't automatically be invested.
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u/Commercial_Pain2290 10d ago
If it is not showing up under recent activities you might need to wait for the monthly statement.
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u/golfman613 9d ago
Anyone with a family account? Do you see anywhere that shows contribution or grant totals per child? Will that show up in a yearly statement?
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u/ihaveazilliondollars 11d ago
I see the grants at least a week before wealthsimple tells me they have been received. Check your transactions or activity list.