The RESP (Registered Education Savings Plan) is a powerful tool to save and invest for your child’s future post secondary education. I personally set a goal of a $100,000 RESP for my designated - but thanks to investing in the stock market, we are likely to have even more! I am planning to contribute only the minimum $36,000 to my daughter’s RESP and receive $7,200 in CESG. The remained of the amount needed to get the account to $100,000 will be from dividends and capital gains. The RESP is curr
The RESP (Registered Education Savings Plan) is a powerful tool t…
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