Saving for Education? Invest in an RESP
Take advantage of tax-deferred savings and government grants with Canada’s RESP for your child’s post-secondary expenses. Maximize your returns with RESPs today!
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Canada Learning Bond
The Canada Learning Bond (CLB) is an essential aspect of Canada’s Registered Education Savings Plan (RESP). The CLB allows low-income families to build up bonds yearly even without depositing any sums of money in an existing RESP.
RESP Only For the Rich ?
Is the RESP really only for the Rich? Stats Canada has a troubling report that seems to suggest that is actually the case. Most banks will not market this to a lower income family, so they are unaware of the Canada Learning Bond.
RESP Sometimes Doesn’t Make Sense
An RESP seems like a no-brainer in terms of saving for parents, but if you haven’t paid off your own debt (or student loans) does it make sense? Hold on don’t forget about the Canada Learning Bond.
Really Useful RESP Tips
There are many RESP tips that will make your journey through the world of the Registered Education Savings Plan simpler, or less annoying. For God’s sake don’t use Bank Mutual funds as your saving vehicle is an important one. CLB is the other important one.
Canada Learning Bond (Frustrations)
The Canada Learning Bond is an important part of the RESP program, however, it is limited to lower income families.
