Individual RESP vs Group RESP

I recently read an article that talks about individual RESP and group RESP. Some plans would have: Hefty penalty fees when you cannot make the contributions No control over the investments Inflexible alternative options in the case your child does not get into post secondary school   Before you open up a RESP account, it is…

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Canada Education Savings Grant (CESG)

The Canada Education Savings Grant (CESG) from the Government of Canada will assist you to save for your child’s post secondary school. Your child can use the savings for full-time or part-time studies in a college, university, apprenticeship program, CEGEP, or trade school. This grant is based on contributions made to the RESP account and is comprised of two components: The Basic CESG…

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