Articles

The Registered Education Savings Plan (RESP) is a long-term savings vehicle offered to Canadians as a way to help save for a child’s continued education after high school. It is a tax shelter for investments for a beneficiary’s post-secondary education costs, and an RESP can be set up by any adult for a child, grandchild, nieces, nephews, themselves, or even family friends. In the following section we will highlight some of the basic rules around an RESP...