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RESPs - Registered Education Savings Plan

posted Feb 6, 2013, 8:00 AM by Investor Tips   [ updated Feb 6, 2013, 8:01 AM ]
I added a section under Strategies for RESPs. The best part about RESPs are the grants you can receive just for contributing to these plans. It's like a guaranteed return.

The next best part is that the money can grow tax free, and then is taxed in the hands of the 'child' when withdrawn. Said child will be in a low income tax bracket and therefore be required to pay little tax.

Read more on the RESP page here: RESPs