Have you opened a RESP? [Presentation]

Registered Education Savings Plan (RESPs) are pretty simple. They’re regulated accounts to be used for saving money for a child’s post-secondary education. The main benefit of an RESP is its tax-advantaged nature.

RESP funds can be invested in countless ways and if they are spent on higher-education related tuition or expenses, no investment gains in the account will be subject to income taxes.

Here’s why you should open a RESP if you haven’t already.

Know about tax-saving RESPs 

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