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How can I maximize my RESP savings?
To maximize on your RESP savings, start early so you save as much as possible before the funds are withdrawn. Ideally, you should open an RESP as soon as the child is born.
You can also take advantage of the government grants offered in your province. Make an appointment with an advisor to find out how to make the most of this plan and choose the best investments for your investor profile.
See our advice on maximizing your RESP savings.
Related questions
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Are RESP withdrawals taxed? Learn about withdrawing from an RESP. -
Are TFSA contributions tax deductible? Learn the tax benefits of a TFSA. -
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By what age must a child withdraw funds from an RESP? Learn the maximum age to withdraw funds from an RESP. -
Can I carry forward my unused FHSA contribution room? Once you open an FHSA, you can carry forward your unused contribution room. Check out the details.
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