Most individuals saving for their child's post-secondary education will do a standard deposit up to $2,500 per child per year to get the maximum annual 20% Canada Education Savings Grant ($500). Unfortunately, doing ONLY that is usually not enough to cover post secondary education.

In "A Tale of 4 RESPs", we explore four methods to fund an RESP account, and compare the net results of each scenario.

A tale of 4 RESPs
Most individuals saving for their child’s post-secondary education will do a standard deposit up to $2,500 per child per year to get the maximum annual 20% Canada Education Savings Grant ($500). Unfortunately, doing ONLY that is usually not enough to cover post secondary education.Let’s step back and review RESP basics. Slide, please!Sidebar: Important to note that there is a lifetime maximum contribution of $50,000 per child. This is something that most people don’t take full advantage of, or
Modern CentsAndrea Thompson