A New Thought on RESP

Last year, I put $500 on a TD 5-year stepper GIC. These $500 can get $200 grant. Since only GIC can get full $200 grant and mutual fund can't, that is the reason why I do not put all the money on mutual fund. But I do want to do so. As a result, this year, I will put $500 in a one year GIC, which can get $200 grant. After one year, I can use the money to switch to the mutual fund to get higher return.