Thoughts About RESPs

For well over a decade now, funding a Registered Education Savings Plan (RESP) has been the preferred method for those people who wish to plan and pay for their children’s and / or grandchildren’s education. Officially created in 1974, the popularity of the RESP really took off when then Minister of Finance Paul Martin introduced the Canada Education Savings Grant (then a new government program) to incentivize families to self-select as education funding partners for the young...