Simple Question - RESP
what is an "RESP"? What is an RESP?It is a Registered Education Savings Plan. It is a good way to save for a child's post secondary education. Any money invested gets a government grant and earnings grow tax free. Hope that helps! --- Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. www.canada-insurance-source.com |