1. Retirement Funds
... " to a lifetime maximum of $42,000 per beneficiary. (Plus, the federal government will pay you an incentive on a portion of your RESP contributions " see Canada Education Savings Grant below.) An RESP terminates when all the funds have been withdrawn or 25 years after the plan was opened, whichever comes first. You may withdraw your RESP contributions at any time ... charged. Education Planner STRATEGIES: EDUCATION INVESTMENT OPTIONS Today, the estimated cost of college/university is approximately $4,000 a year for a student living at home and $10,000 a year for a student living away fr...
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