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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 “interactions” with TD and associated Universities over my daughters’ 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.

Happy New Year

Here Comes 2011

With the new year (2011) coming soon what can you do for the new years coming very soon. What still needs to be done.

RESP

Enough about Registered Education Savings Plans ?

Can you ever write too much about RESP, Registered Education Savings Plans? I don’t think so, that is for sure.

The RESP Pig created by ChatGPT AI

RESP Lessons Learned

If you’re planning to save for your child’s post-secondary education in Canada, this personal account of RESP lessons learned is a must-read. Written after navigating the RESP withdrawal process, the article shares practical tips for maximizing CESG benefits and minimizing taxes by withdrawing the taxable portions first. It includes candid insights on working with TD Mutual Funds versus TD Waterhouse, and why the author prefers the latter for RESP investing. The post also highlights the need for better automation in fund redemptions and encourages parents to continually educate themselves on RESP rules and structure. Whether you’re just opening an RESP or preparing for withdrawals, this article offers valuable advice from lived experience.

RESP Withdrawal Strategies

RESPs The Actual Cashing Out

How easy is it to Cash out parts of an RESP? Cashing out can be straight forward, but you will need supporting documentation.

RESP Piggy Bank

RESP This Round Finally Ends ?

How easy is it to do an RESP withdrawal ? Not as simple as you would hope, and there are rules added too, to make it harder.

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