What is an RESP?

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With the sleepless nights that come with a newborn it can be hard to plan even one week in the future, let alone grappling with how to save up enough money for when that little bundle of joy heads off to college or university in 18 years. Fortunately Canadian parents have a powerful savings tool at their disposal: the Registered Education Savings Plan (RESP)

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Original Article Source Credits:   Moneysense , https://www.moneysense.ca/

Article Written By:  JASON KIRBY

Original Article Posted on:  MAY 24, 2019

Link to Original Article:  https://www.moneysense.ca/save/investing/resp/what-is-resp-registered-education-savings-plan-explained/


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