PEI parents' RESP woes highlight how minor mistakes can create major problems [Yahoo! Finance Canada]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Yahoo! Finance Canada
CBC , adding, “Every time I would explain the situation to them, they would sort of kick it down the road and ask to get back to me in 10 days, two weeks, a month.” The devil in the details Since the couple's new financial institution and TD's bank record don't match, the transfer continues to stall. Pascal told CBC that TD assured them the name adjustment wouldn't be an issue. And the couple feels as though the delay is potentially due to a combination of “overreliance on technology” and the amount of money held in the RESP, which currently sits at $6,000. The news outlet reported that TD Bank was not available for comment. However, the bank did state that it is examining the issue and “prioritizing remediation as soon as possible.” To make matters more complicated, the couple has had their hands tied with simply withdrawing the money themselves and depositing it into the new RESP. Doing so would disqualify their children from receiving the Canada Education Savings Grant (CE
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TD
Earnings
- 12/4/25 - Beat
TD
Sec Filings
- 2/18/26 - Form 424B2
- 2/18/26 - Form 424B2
- 2/18/26 - Form 424B2
- TD's page on the SEC website