Post-secondary education can be expensive. The good news is there are ways to save now so you don’t have to pay for it all in a short amount of time.
Family and Individual RESPs offer you different flexibility depending on your personal or family needs.
Family Plans allow you to help multiple children, grandchildren, or even nieces and nephews with one RESP, so the savings are shared among them when it’s time to start college or university.
Individual Plans are best if you’re saving for your or a child’s post-secondary education as there’s only one beneficiary that can be named at any given time.