Avoid Common RESP Mistakes Before Applying for RESP

Canadian Lic18 Sep, 2024Finance

Before applying for a Registered Education Savings Plan (RESP), it's important to avoid common mistakes that can reduce your child's education savings. Missteps like not maximizing government grants, misunderstanding contribution limits, or choosing the wrong provider can impact your returns. This guide covers key mistakes to avoid and helps you make informed decisions for your RESP.