What is a RESP? A REGISTERED EDUCATION SAVINGS PLAN(RESP) is an education savings account that is registered with the Canada Revenue Agency(CRA). It is a savings vehicle used by individuals to save for children’s post-secondary education. The plan offers incentives from the Government in the form of bonds and/or grants. Once registered, the plan becomes […]
RDSP, Henson Trust or TFSA? Registered Disability Savings Plans(RDSPs) were launched in 2008 to help build long-term financial security for qualifying disabled persons. The RDSP is a new opportunity to accumulate wealth by providing Government assisted savings and tax- deferred investment growth. Individuals qualify for an RDSP if they are eligible for the Disability Tax […]