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15:37
YouTube
Steph & Den
RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners
The registered education savings plan (RESP) is a registered investment account in Canada that lets you invest money for a kid's post-secondary education. It allows you to grow tax free gains until the kid is enrolled in school, where the income earned is taxed at the kid's rate (so lower than yours!). Basically, it exists to incentivize people ...
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44K views · 13 reactions | A college education will cost about $60,000. Learn how an Registered Education Savings plan can help you save tax-free and give you access to free grant money. | Financial Post | Facebook
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