RESP Time

Attention young families! You've just added a new member to your clan and now it's time to figure out how you're going to save for THEIR future, let alone your own.

In Canada, we have the Registered Education Savings Plan (RESP). This plan is a tax-free way of saving for education in the future. I will answer a few questions about RESPs so you can decide if one is right for you or someone close to you.

Why do I need one? - If you want to help your child/grandchild save for their education, the RESP is the best way to do it.