The Resp Book

Saving for a child's education is an important goal for many families. Using clear text and straightforward examples, The RESP Book will help you understand how RESP accounts work and how to get one started, what kind of RESP account to set up and what kind of investments to buy.Parents, uncles and aunts, grandparents, family friends: anyone who wants to help a child achieve his or her educational dreams can open or contribute to an RESP account, the perfect way to save money and receive generous government grants at the same time.Topics covered in this book include: RESP grant eligibilityContribution rulesWithdrawal rulesHow to avoid penalties if child does not attend schoolAdditional grants and Canada Learning BondHow to start an RESP accountBasic investing information