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WHAT IS A REGISTERED EDUCATION SAVINGS PLAN ?

April 26, 2017Education Plan registered savings

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WHAT IS A REGISTERED EDUCATION SAVINGS PLAN ?

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Registered Education Savings Plan (RESP) is a special savings account that can help you, your family or your friends save for your child’s education after high school. RESPs are registered by the Government of Canada so that savings for education can grow tax-free until the person named in the RESP enrolls in studies after high school.