08/27/2026
Are you leaving free money on the table for your child’s future? 🎓
If you live in Canada and have kids, opening a Registered Education Savings Plan (RESP) is one of the smartest financial moves you can make.
Here is why:
• Free Government Grants: Through the Canada Education Savings Grant (CESG), the government matches 20% on the first $2,500 you contribute each year. That’s up to $500 per year in free money (up to a lifetime maximum of $7,200 per child).
• Tax-Sheltered Growth: Your investments grow without being taxed while inside the plan.
• Anyone Can Contribute: Parents, grandparents, aunts, uncles, or family friends can open or contribute to an RESP.
• Flexible Options: Funds can be used for university, college, trade schools, apprenticeships, and related living expenses.
Even starting with $50/month makes a massive difference thanks to compound growth and government grants.