Registered Education Savings Plan (RESP)
Registered Education Savings Plan (RESP)
As post secondary education costs continue to increase in cost many parents are looking to Registered Education Savings Plans to help offset the cost of children’s education. A RESP is a great way to help save for a child’s future as the federal government of Canada and many provincial governments offer to match a portion of your contributions, basically giving you free money.
RESPs can be put toward almost any post-secondary education, they can also be used for expenses, such as books and transportation in many cases.
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