A Registered Education Savings Plan, or RESP, is an investment vehicle used by parents to save for their children's post-secondary education in Canada. The principal advantages of RESPs are the access to the Canada Education Savings Grant (CESG) and a source of tax-deferred income.
Read more about Registered Education Savings Plan: Tax Benefits, Early Withdrawals, Group Plans
Famous quotes containing the words registered, education and/or plan:
“Let fame, that all hunt after in their lives,
Live registered upon our brazen tombs,
And then grace us in the disgrace of death;
When spite of cormorant devouring Time,
Th’ endeavor of this present breath may buy
That honor which shall bate his scythe’s keen edge,
And make us heirs of all eternity.”
—William Shakespeare (1564–1616)
“The want of education and moral training is the only real barrier that exists between the different classes of men. Nature, reason, and Christianity recognize no other. Pride may say Nay; but Pride was always a liar, and a great hater of the truth.”
—Susanna Moodie (1803–1885)
“Tired minds don’t plan well. Sleep first, plan later.”
—Walter Reisch (1903–1963)