Master RESP with 'RESP Simplified' and secure your child's future

RESP stands for Registered Education Savings Plan. It's a savings plan for parents in Canada to save for their children's post-secondary education. The government of Canada assists contributors through grants and tax benefits.

Contributing to an RESP allows you to secure your child's future education. The government provides grants and tax benefits, making it a financially smart decision. Plus, the money can be used for a variety of school expenses.

If your child doesn't go to school, there are several options. You can transfer the money to another child, convert the RESP into a Retirement Savings Plan (RRSP), or withdraw the money. However, certain conditions and penalties may apply.