1. Saving Plans
... home, room and board. In 18 years, these figures are expected to rise to $37,000 or $92,000 respectively (refer to worksheet below). What are Registered Education Savings Plans? Registered Education Savings Plans (RESP's) were created by the Federal Government to encourage Canadians to save for their children's education. Previous Federal Budgets have made RESP's a popular vehicle in which to save ... restrictions on investments held in an RESP. RESPs can be established as a Single or Family beneficiary plan, depending on the options available from the institution. Most RESPs offered ar...
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- Grade Level: High School