Month: November 2018

5 Important Registered Education Savings Plan Tips All Parents Need to Know

As a parent, you may already know about some of the basics about the Registered Education Savings Plan, commonly referred to as RESP. However, there is usually a lot more to RESP than meets the eye. And as parents, you can end up benefiting a lot more by practicing some of the ways to maximize the heritage education funds RESP. To successfully get more out of your registered education savings plan, you must first educate yourself about the plan and how it works. Today, families can get up to and over $8,400 in RESP for each of their children. For the lower-income families, this amount could go up to even $10,400 per child.