Random Thoughts: Back to RESP Week
Some say back to school, others say it is back to RESP week. If you think high school costs are expensive, wait for post-secondary costs.
Can You Afford Half Price Condoms ?
If you see half price condoms in a bargain bin, would you buy them? Can you trust half price condoms ? Can you afford to?
RESP Redemption (Redux)
I went to the bank with our Free letter from my middle daughter’s University (the nice one in Nova Scotia), which was e-mailed to us (for use in RESP Redemption), and finally the entire RESP… Read More »RESP Redemption (Redux)
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 This outdated and frustrating process adds unexpected costs and delays to an otherwise beneficial savings tool.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.
