Helping to fund a child’s post-secondary education through an RESP is one of the most important investments you can make in his future, especially in today’s competitive environment where a good education is crucial to success. Yet, with the rising cost of tuition fees and living expenses, personal savings alone may not be enough to cover the cost of higher education.
Since an RESP can remain open for up to 36 years (40 years for a Specified Plan), it’s important to choose your provider wisely. Consider a company that is reputable and financially strong. When the child begins receiving money from the RESP, the provider will, after all, be responsible for making the payments according to your plan’s terms.
Our advisors can help you determine the right plan for you with some of the best RESP providers in Canada.