Is the RESP really only for the Rich? Stats Canada has a troubling report that seems to suggest that is actually the case. Most banks will not market this to a lower income family, so they are unaware of the Canada Learning Bond.
Celebrating Canada Day, under tight controls due to COVID19. Canada is doing OK for now, let’s keep up the good work. Is it a 5-day weekend now?!?
What are the tax considerations when cashing out or collapsing a Registered Education Savings Plan (RESP)? A few things to remember, about when to withdraw and how that all works as well.
While I am not an expert about RDSPs I have learned a lot about it by setting one up and tending one for my son who is on the spectrum. It is a hard program to understand, but important for disabled folks, none the less.
The high MERs some folks pay for their kids’s RESP Mutual funds is truly the worm in the money tree, that is the Registered Education Savings Plan
