Question at the end. Here's the background...
We have two RESPs for our two kids. Both are family plans. We started these in 2004, when our oldest was 2 and our youngest was just born. We have family plans, one with TDDI and one with iTRADE. AFAIK, both institutions split the amount contributed equally per child each year. And we got the expected CESG each year.
Last fall, I decided (admittedly belatedly) to overcontribute some of the remaining room -- not capturing the CESG. This was a one-off. I forecasted out the next three years, keeping within the $50,000 per child limit. We had already made the normal $5000 contribution ($2500 per child).
The extra one-off amount was in excess of $10000. Oddly, on Dec. 31 2015, we received a $291 grant in our iTrade account for just one of our children, the youngest one. I'm not clear on how this could have happened. It would seem to represent "carry forward" room, but I have tracked the amounts contributed every year and thought we had maxed out CESG.
That got me to thinking that, perhaps, one of the institutions incorrectly assigned all of a year's contribution to just one child. That could get us into trouble in terms of over contributions above the $50,000 limit for one of our kids. RESPs contributions are per child, not per plan.
So, who do I contact to track how much was contributed per child? CRA, ESDC, or the FIs? I realize that CRA slaps people with overcontribution penalties, but it's not clear who tracks that or even how they apply the penalty (now or later when it's withdrawn). It's also not clear if I'll be informed at all if I've done anything wrong. The
Who Does What on the Canlearn site isn't clear on where to go.