What is a RESP?
> A RESP is a Registered Education Savings Plan
> The government will contribute 20% of your contributions up to $2500 (max $500
> The contributions are collective value of everyone contributing to the child's funds
(parents, aunts & uncles, etc)
> If a RESP is cancelled and not used, the government contributions must be repaid
> Care should be taken that you open a self managed RESP and not a group or
scholarship fund. The management fees are high and you cannot modify your