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REGISTERED EDUCATION SAVINGS PLANS
WHO SHOULD START AN RESP?
1. A parent who wants to assist their children with the cost
of post-secondary education without debt or reduced debt.
2. A young parent who has experienced significant increases in
tuition fees and debt from student loans firsthand and wants to
help ease this burden for their children.
3. Grandparents who would like to financially contribute to their
grandchildren's post-secondary education.
4. Parents and grandparents who have maximized their RRSP contribution
limits and have excess money they wish to invest in a tax-exempt
financial vehicle.
5. People who want to accumulate savings on a tax deferred basis
to upgrade their own education in the future.
This material is for information purposes only and should
not be construed as legal or tax advice. Every effort has been
made to ensure its accuracy, but errors and omissions are possible.
Individual circumstances may vary and specific legal and tax advice
is recommended. Future tax changes and market conditions may affect
this information.
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