RESPs

A Registered Education Savings Plan (RESP) is a government-approved plan that allows you to save for your beneficiary or beneficiaries' post-secondary education. Interest earned within the plan is tax-free until time of withdrawal. The lifetime contribution limit is $50,000 per beneficiary. As an added incentive, the government may provide various grants to the plan within prescribed limits. All contributions are non-tax deductible.

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