What is RESP? Canada's Education Savings Plan Explained.
Автор: Boluwatife Akinsuroju
Загружено: 2025-09-19
Просмотров: 80
Описание:
What is an RESP in Canada?
This is one of the smartest ways to save for post-secondary education in Canada, and the best part is that the government gives you free money through grants and bonds to boost your savings.
In this video, I'll explain:
00:00 - 00:27: Introduction
00:27 - 00:51: What is an R.E.S.P.?
00:52 - 01:29: Who can open an R.E.S.P.?
01:30 - 02:30: Types of RESP accounts
02:32 - 02:50: Why you should open an R.E.S.P. early
02:51 - 05:33: Governments' Benefits
05:34 - 06:18: How long R.E.S.P. can stay open
06:19 - 07:05: Sources of R.E.S.P Funds
07:06 - 08:12: R.E.S.P. Withdrawals
08:13 - 08:39: Other options when RESP is not used for education
08:40 - 09:02: Conclusion
09:03 - 9:20: Call to Action
Whether you are a parent or an adult, the RESP account can make education more affordable.
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