07/17/2026
You did the thing - you opened the RESP (or RRSP or TFSA)! ✅
You started putting money into it every two weeks. ✅
Great work👏
Next, make sure that the money you are putting in is working for you for the time you have allotted for it to work. I've met a number of young families that opened RESPs for their kiddos that never realized the money they were putting in was going into a savings account and earning very little interest, even though they had planned for it to sit there for 17+ years!
A registration (TFSA, RESP, RRSP) is like a bucket. You can put different products into that bucket like savings accounts, GICs, or mutual funds to name a few. Or a combination of those products!
Your Financial Advisor will help you select what's best based on your timeline, risk tolerance, risk capacity, and goals.
You opened the account and now it's time to make sure that account is working for you and is on track to what you need it to be! 🙌