RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners
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YouTubeSteph & Den
RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners
The registered education savings plan (RESP) is a registered investment account in Canada that lets you invest money for a kid's post-secondary education. It allows you to grow tax free gains until the kid is enrolled in school, where the income earned is taxed at the kid's rate (so lower than yours!). Basically, it exists to incentivize people ...
38.1K viewsMay 27, 2022
Registered education savings plan RESP Benefits
An RESP (Registered Education Savings Plan) helps you save for your child’s education. The best part? The Canadian government adds money too — up to 20% on your contributions (through the CESG grant). Your savings grow tax-free, and when your child withdraws it for school, they pay little to no tax. Start early. Let compound interest do the magic Sharing from one mom to another. #fyp #mom #kidseducation #resp #canada | Josephine Emeneka
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An RESP (Registered Education Savings Plan) helps you save for your child’s education. The best part? The Canadian government adds money too — up to 20% on your contributions (through the CESG grant). Your savings grow tax-free, and when your child withdraws it for school, they pay little to no tax. Start early. Let compound interest do the magic Sharing from one mom to another. #fyp #mom #kidseducation #resp #canada | Josephine Emeneka
FacebookJosephine Emeneka
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RESP stands for Registered Education Savings Plan. It is a long-term,...
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RESP stands for Registered Education Savings Plan. It is a long-term,...
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1.5K views | A Registered Education Savings Plan (RESP) is a...
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1.5K views | A Registered Education Savings Plan (RESP) is a...
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