Registered Education Savings Plan

RESP or Registered Education Savings Plan is an essential program for saving for University and post-secondary school expenses.

I stopped and checked, and I have dedicated a lot of electronic ink on the subject of the Registered Education Savings Plan and specifically my â€œinteractionsâ€ with TD and associated Universities over my daughtersâ€™ academic careers. While I used the TD Mutual funds, there are many other better ways to do this. For anyone planning on sending their children to a post-secondary school, the RESP is an essential financial tool.

This is free money folks, why you would not want to have it, is beyond me.

RESP: Back to School Reminders

September 7, 2011February 19, 2022
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If it is back to school time, you should think about your child’s RESP as well. Are you going to help with post-secondary education?

RESP: Canada Learning Bond

July 21, 2011September 18, 2021
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The Canada Learning Bond is an important part of the RESP. Low income families can still take advantage of the RESP even if they cannot deposit any money.

The Locked In Factor

March 30, 2011March 31, 2025
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Feeling locked in isn’t just a tech problem—it happens in finance too. In this post, I reflect on how I ended up financially locked in by sticking with familiar but underperforming investment products like mutual funds in my kids’ RESP. Despite better options like ETFs being available, I stayed put out of habit, convenience, or the illusion of safety.

Inspired by the concept of technological lock-in, I realized this mindset also affects our financial decisions. We often cling to what we know, even when better alternatives exist. The key takeaway? Regularly re-evaluate your financial choices. Just because something worked before doesn’t mean it’s still your best option.

Keywords: locked in, financial decision-making, RESP, mutual funds vs ETFs, investment strategy, financial planning, Canadian finance