RESP

The Canada Learning Bond (CLB) is a government-funded program designed to help low-income families save for their child’s education. The program provides an initial deposit of $500 and additional annual deposits of up to $100… 

A Registered Education Savings Plan (RESP) is a tax-sheltered investment account where parents can save money towards their child’s post secondary education. Much like the other accounts that fall under the “tax-shelter” umbrella, like Tax-Free…