What costs does the RESP cover?
RESP money can be used to cover the student’s tuition, housing, transportation, books, supplies and other incidentals relating to the student’s education.
What is an RESP?
Registered Education Savings Plan(RESP) is a tax-deferred education savings vehicle through which the federal government allows a subscriber to save money for a beneficiary’s post-secondary education. The subscriber makes contributions that accumulate tax-free earnings.