Saving for your child’s education in Canada? The RESP (or Registered Education Savings Plan) is one of the best ways to do it.

In this post, I break down how RESPs work, how to get up to $7,200 in government grants (plus extra through the Canada Learning Bond), and what happens when your child starts school, all in simple, beginner-friendly language.

Many Canadian parents are leaving free money on the table. By using an RESP, you can get up to $500 in yearly government grants, tax-free growth, and even extra CLB benefits. Here’s how to make the most of this education savings tool.