RESP in Canada: How to Get Free Money for Your Child’s Education
Most Canadian parents are leaving FREE money on the table.
If you’re not using an RESP, your child could miss out on thousands for their education…
Here’s how to max it out:
1. Contribute Regularly: Put in $2,500/year and the gov’t matches 20% (that’s $500 FREE every year).
2. Start Early: Even $25/month from birth grows huge over time thanks to compounding. And it’s tax-free growth!
3. Check the CLB: If you qualify, you can get up to $2,000 added to your RESP… even if you never contribute.