Education Savings

Is there anything better than a savings account to accumulate funds for my child's education?

 

Yes.

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It is called a Registered Education Savings Plan (RESP) where the federal government gives you a grant for every dollar you contribute to the plan (up to a maximum each year).

 

Although there are a few variations with saving for school, considering the rising costs of education, it is one of the best deals going for parents to save for their children’s future.