RESPs and Rules
As my regular readers know I have been spending a while attempting to figure out the new RESPÂ Rules put in place for RESP withdrawals (I have two daughters attending University and wish to withdraw money… Read More »RESPs and Rules
RESP: The Old Switcheroo
This guide explains how an RESP enrolment letter unlocks education withdrawals, what schools and banks actually need, and how to avoid delays. Get practical steps, red flags, and tips for working with registrars and financial institutions so RESP funds arrive on time.
RESP Withdrawal Fees: Why You Might Pay to Get Your Own Money
Withdrawing funds from a Canadian RESP should be simple, but hidden fees from universities can catch parents off guard. While RESPs are designed to support education, some institutions charge a fee just to provide the confirmation letter needed by banks to release the funds. This outdated and frustrating process adds unexpected costs and delays to an otherwise beneficial savings tool. In this article, we explore the hurdles families face when trying to access RESP funds, the lesser-known quirks of RESP withdrawals, and how to minimize the impact of admin fees on your education savings. Learn what has changed since 2010 and how to prepare for a smoother RESP experience today.
Random Thoughts: Big Wallets & Free Chequing
Do you have a big wallet ? What is it full of? Cash, Credit Cards, Receipts, or maybe all of that and maybe even some Splenda?
RDSP the Completion of Initial Work
I have written a great deal about the RDSP (registered disability savings plan) over the years, and this was written as I was setting up my son’s account (with TD). For a while I have… Read More »RDSP the Completion of Initial Work
