Posts Tagged ‘Education’

Most parents should know that contributing to an RESP is a great way to save for your child’s education. But there’s one type of plan that gives RESPs a bad name. Group RESPs, or group scholarship trusts, are heavily marketed to new parents and immigrants at doctor’s offices and trade shows. These RESP dealers employ…

Question: I would like to contribute to my grandchildren’s education. Their parents already contribute the maximum amount to their RESPs each year in order to receive the government grant. What are my options? Answer: The costs of post-secondary school are rising exponentially, so kudos to you for wanting to help your grandchildren with the gift…