A Link to a GREAT RESP primer (Registered Education Savings Plan)


August 30, 2007 by Preet Leave a Comment

The Canadian Capitalist – who also runs a personal finance blog – has written a fantastic summary of the up-to-date (for 2007) RESP rules along with a general description of how RESPs work.  RESPs are Registered Education Savings Plans – a tax-sheltered account that is designed to assist in the accumulation of funds for your children’s future education costs. There are some unique rules and perks associated with these accounts – so you’ll want to read up on this for sure.

If you are interested in learning more about RESPs – this is a great post to start with.  Many thanks to Canadian Capitalist – I subscribe to his RSS feed and read his blog daily.

CLICK HERE TO VISIT THE CANADIAN CAPITALIST’S POST ON RESPs 

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Related posts:

  1. RedFlagDeals.com – Keep up to date on great savings for Canadians!
  2. Lifelong Learning Plan (LLP): Borrow from yourself to finance your education
  3. Breaking News: RESP Contributions To Become Tax Deductible?


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About Preet
Preet Banerjee, B.Sc., FMA, DMS, FCSI is the W Network's Money Expert. He is a former stockbroker and financial planner. Prior to that, he was a racecar driver, and before that he trained to be a neuroscientist. Basically, he can't hold down a job for very long.

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