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)
“... many of the things which we deplore, the prevalence of tuberculosis, the mounting record of crime in certain sections of the country, are not due just to lack of education and to physical differences, but are due in great part to the basic fact of segregation which we have set up in this country and which warps and twists the lives not only of our Negro population, but sometimes of foreign born or even of religious groups.”
—Eleanor Roosevelt (1884–1962)
“If you insist on asking me why I feel the way I do, I plan to take the Fifth Amendment.”
—Mason Cooley (b. 1927)