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Ep 52 - RESP Breakdown
Manage episode 444591700 series 2964389
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Want Free Money for Your Child's Education?
In today’s podcast, we’ll break down the powerful RESP (Registered Education Savings Plan). This savings tool is designed to help parents and guardians save for their child’s post-secondary education, offering some amazing perks.
We'll cover how the RESP works, the types of contributions you can make, and how the government boosts your savings through the CESG (Canadian Education Savings Grant) and CLB (Canadian Learning Bond). Plus, we'll dive into some lesser-known facts and share tips on how to maximize the value of this account.
Grab your notebooks—class is in session! We’re here to guide you on how to start, manage, and fully take advantage of this account, helping you set your child up for success in their post-secondary education.
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