Even though the price of post-secondary education is rising across Canada, families have been increasingly worried about saving for their children’s educational future. One of the best solutions available is a registered education savings plan in Canada, which enables parents and guardians to save while receiving tax-free growth and government grants. Nevertheless, an RESP has … Read more
For years, Canadian parents have been saving for their children’s education through the Registered Education Savings Plan in Canada (RESP), one of the most effective ways to invest and grow money tax-free for future studies. But when it comes time to take the money out, many families can be unsure about how taxes apply, which parts are … Read more
Giving money as gifts during Christmas is not a new thing. However, more and more Canadian families are turning these gifts into education savings, which is a lot more impactful. With tuition fees rising every year and students of tomorrow facing greater financial burdens, many parents and grandparents are deciding to give RESPs as Christmas … Read more
Children’s education planning is the single most significant financial objective of Canadian families. In response to the ever-increasing costs of post-secondary education, numerous parents are opening registered education savings plans in Canada to save early and let their money grow over time. RESPs are meant to incentivize saving for education through tax advantages and government … Read more
When high school graduates finally get their university acceptance letter, many Canadian families can breathe a sigh of relief — not just at the academic achievement but because all those years of careful saving in a Registered Education Savings Plan (RESP) are about to pay off. But all that excitement frequently collides with a surprising obstacle: paperwork. … Read more
Every parent-to-be wants to give their new baby the best start in life. In 2025, that dream increasingly encompasses early financial planning for education. The costs of attending a post-secondary institution are projected to increase gradually during the decade and now top $100,000 on average for tuition, room and board and additional supplies in a … Read more
More and more Canadian families accept Registered Education Savings Plans as part of their contributions to children’s future. In the 2024 Annual Statistical Review released by the Canada Education Savings Program, the total RESP assets in the country exceeded the line of 89.8 billion dollars, reaching a record high over more than a decade. One … Read more
Tuition in Canada is up, and families are feeling it. The average four-year undergraduate degree in Canada can now cost more than $100,000, including tuition and living expenses. Canadians believe they are lagging in saving for their children’s education, with over half (53%) reporting that they are behind. With figures like those, it’s clear why … Read more
Every parent wants to give their child the best possible start — in Canada, that often means supporting them while they attend college or university without being overwhelmed by student debt. One of the smartest tools out there is known as the Registered Education Savings Plan Canada (RESP) — and it could potentially help your … Read more
RESP – What is it? Parents are always looking into the future for our children, and nothing says this more clearly than planning for our children’s education. But what happens when the person who opened and managed that RESP — known as the subscriber — dies? It’s the sort of question few families want to … Read more