Last week, I spent some time talking about all of the benefits of Registered Education Savings Plans (RESPs). This week, as a result of some questions from readers, I would like to follow up with three frequently asked questions on RESPs.
Are RESPs the best way to save for children’s education?
RESPs are not the only way [...]

As parents, we do our best to help open doors, which will provide our children with opportunities to continue learning. Children with developmental difficulties may not be interested in or able to attend university or college, however this does not preclude their ability to develop other interests and skills through post secondary educational opportunities.
Registered Education [...]

One of the most interesting phenomenon of parenting is that from the moment of birth onwards we enter into an process of attempting to ensure that the best interests of our children are given careful consideration.
Although we have no way of knowing what the future will hold for them, we attempt to provide a healthy, [...]

The Registered Education Savings Plan (RESP) has become the cornerstone vehicle for saving money for children and grandchildren’s education.
The reality is simple. Saving for our children’s future has become a priority and the government has made some changes to the RESP to make it more attractive for Canadians to self-fund education plans.
The most important change [...]

RESPs, i.e., Registered Education Savings Plans, are tax-deferred education savings vehicles through which the federal government allows subscribers to save money for beneficiaries’ post-secondary education.
Subscriber
A subscriber is an individual who enters into the RESP contract with a fund company and names a beneficiary on whose behalf he or she will make contributions. Spouses may be [...]