Guide to RESPs and education savings
Over the last 30 years, post-secondary education has become more important and more expensive. There are several different ways to save for post-secondary education. Registered Education Savings Plans (RESPs) are the most popular, and for good reason. They have a generous contribution limit, allow your savings to grow tax-free within the plan and can qualify you for government grants.
To help you understand how best to save for post-secondary, this guide covers:
- Determining a savings goal
- Learn about RESPs
- Reviewing available grants
- Exploring additional savings vehicles