Update on my RESP account for TD e-series fund

As I received so many comments on my last post on RESP account, I think it is time to update since I get the government grant recently around 2 month later.

First, I buy the fund in December, and in several days, but I received the grant in a single transaction. So I am not sure if government process that grant at the end of the year once or they just process it as a batch work for several days.

I bought $500 TD 5 year stepper GIC, it has the highest interest in all TD's GIC product. And I get $200 grant for this part, which is also into the GIC account.

Then I bought $2000 for e-series fund, (4 funds, bond, canadian index, US index, international index, each for $500 through several days), and another $100 for money market fund to test if I can get additional grant for the carry forward part of previous years. I totally get $420 grant which goes to resource fund I assigned when I opened the account. (It is not allowed to assign to e-series fund due to system limitation as my understanding, but I think we may switch the resource fund to e-series fund after 90 days, I guess, which 90 days is the requirement for no penalty to switch, but I leave that part anyway for asset allocation since there is no e-series resource fund).

So far, everything is perfect and goes as what I thought. Just planning to buy $4000 this year. $2500 is this years quota and $1500 use previous years carry forward quota.