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

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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Preet Banerjee
Preet Banerjee
...is an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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