RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners
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YouTubeSteph & Den
RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners
The registered education savings plan (RESP) is a registered investment account in Canada that lets you invest money for a kid's post-secondary education. It allows you to grow tax free gains until the kid is enrolled in school, where the income earned is taxed at the kid's rate (so lower than yours!). Basically, it exists to incentivize people ...
35.2K viewsMay 27, 2022
Registered education savings plan RESP Benefits
A Registered Education Savings Plan (RESP) is a fantastic way to save for your child’s post-secondary education. Whether it’s trade schools, CEGEPs, colleges, universities, or apprenticeship programs, an RESP has you covered! ✨ When you open an RESP, ask your financial institution to apply on your behalf for benefits like the Canada Learning Bond (CLB) and the Canada Education Savings Grant (CESG). If eligible, these benefits will be added to your RESP to help cover costs like tuition, books, to
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A Registered Education Savings Plan (RESP) is a fantastic way to save for your child’s post-secondary education. Whether it’s trade schools, CEGEPs, colleges, universities, or apprenticeship programs, an RESP has you covered! ✨ When you open an RESP, ask your financial institution to apply on your behalf for benefits like the Canada Learning Bond (CLB) and the Canada Education Savings Grant (CESG). If eligible, these benefits will be added to your RESP to help cover costs like tuition, books, to
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