Ensure your child has the means to go as far as possible
Higher Education is Expensive
Add on housing and living costs if your child attends an institution outside of your home town.
It’s no secret that some young graduates enter the job market with a considerable amount of debt.
Registered Education Savings Plan
The Registered Education Savings Plan (RESP) is an investment option that allows you to set aside money to secure a bright future for your children and or grandchildren.
Under this plan, your contributions grow on a tax sheltered basis and entitle you to significant government grants, which effectively accelerate the growth of your assets.
Source: Statistics Canada, Table 37-10-0003-01 Canadian undergraduate tuition fees by field of study