[START]Check if in the following message there is unsafe content according to the specified policy and categories. Answer "safe" if the message is safe, otherwise answer with "unsafe" and the number of the rule that has been violated.
[BOR]
0: Safe
1: Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive.
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[EOR]
[BOC]
Thanks for posting the spreadsheet. I'm in the process of opening a self-directed RESP account so I am working on my contribution strategy.

The contribution maximum is now 50k not 36k. Also, someone able to contribute the maximum in year 1 but wanting to consider the value of taking the maximum government grants would contribute 16.5k in year 1 and 2.5k in subsequent years, with a final contribution of 1k in year 15. That is the scenario that should be compared against contributing 50k in year 1.

The crossover point where the lump sum contribution is more valuable than distributing contributions to get the maximum government grants is at a 4% rate of return, which should be easily achievable.

Playing around with the spreadsheet, it looks like distributing the 50k contributions over the first 4 years (and thus getting 2k in grants) pushes to crossover point to about 12% rate of return! It looks like contributing high amounts early is a good idea but contributing all in the first year may not be optimal. If anyone cares to check my analysis I would be happy to get feedback.

EDIT: Looks like I made an error in the scenario where contributions are distributed over the first 4 years. I did not limit the yearly grant at $500. Lump sum at the beginning is best for any reasonable growth rates.
[EOC]
safe
0
[END]

Safe Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Be civil, No violations of [TOS](https://mastodon.world/about). No memes, trolling, or low-effort comments. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban.