One of my retirement goals is to help my children with their education. My intention has always been to contribute the maximum ($50,000) to their RESP because I don’t want tuition and debt impeding my child’s potential.
I started to look at various ways to optimize my contributions for maximum return in the RESP. After crunching the numbers it became apparent [...]

What is an RESP?
RESP stands for Registered Education Savings Plan. It is a register account that allows you to contribute funds towards your child’s education. The contributions will grow tax-free.
What are the benefits of an RESP?
1 – All contributions are allowed to grow tax-free over the life of the plan. Taxes will only be paid on the growth portion of [...]