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Money Planning

Money Planning

5 Things to Remember When Setting up Registered Education Savings Plans

If you’re interested in setting up a savings plan specifically geared towards paying for your child’s secondary education some day, a Registered Education Savings Plan, or heritage education funds RESP, is an excellent option. The way the plan works is very simple because you simply donate to the fund over time and use the money when your child goes to college. There are also certain tax benefits to having a RESP; below are a few things for you to consider if you’re thinking about setting one up.

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