Registered Education Savings Plan (RESP) Back

RESPs (Registered Education Savings Plans) are great opportunities for parents to save towards their children’s post-secondary education. Unfortunately, with the cost of tuition constantly increasing, RESPs provide students an opportunity to attend post-secondary school without having to worry about impending finances.

RESPs are tax shelters that are tax-free until the beneficiary of the RESP withdraws the money. Registering for RESPs allows students you to be eligible for several government grants, such as: