It Pays to Plan for a Child’s Education
February 14, 2021 | Canada
Open a Registered Education Savings Plan (RESP) and the Government of Canada can help you save for your child’s post-secondary education.
An RESP is a savings account registered by the Government of Canada. Anyone can open an RESP to save for a child’s education after high school.
With an RESP in their name, a child could receive:
- the Canada Learning Bond
- the Canada Education Savings Grant and
- provincial education savings incentives
To help guide you through the process of of creating an RESP, visit the following sections on iiCanada’s Financial Well-Being page:
- Your Financial Toolkit (which includes the RESP Toolkit)
- Investments (which includes a section about Family Finances)
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