Have you opened a RESP? [Presentation]
Trust Life Web / Investments / Mar 19, 2022
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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