When our children are still little, it can be impossible to imagine them all grown up and headed off to university. That goal, however, is one we all want for our kids. The problem, however, is that paying for it when it happens can be a real challenge. Tuition is on the rise in Canada, student loan debt is becoming a real problem -- and who knows where things will be once today’s elementary students begin firing off their university applications.
The good news, however, is that a Registered Education Savings Plan (RESP) can really help. Now we’re used to thinking of investments in terms of finding extra money to put aside for the future, and it can be very difficult to find the cash necessary to make such investments worthwhile. The great thing about a RESP, however, i... Read full article