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:
“During the Suffragette revolt of 1913 I ... [urged] that what was needed was not the vote, but a constitutional amendment enacting that all representative bodies shall consist of women and men in equal numbers, whether elected or nominated or coopted or registered or picked up in the street like a coroner’s jury. In the case of elected bodies the only way of effecting this is by the Coupled Vote. The representative unit must not be a man or a woman but a man and a woman.”
—George Bernard Shaw (1856–1950)
“One is rarely an impulsive innovator after the age of sixty, but one can still be a very fine orderly and inventive thinker. One rarely procreates children at that age, but one is all the more skilled at educating those who have already been procreated, and education is procreation of another kind.”
—G.C. (Georg Christoph)
“I have always thought that one man of tolerable abilities may work great changes, and accomplish great affairs among mankind, if he first forms a good plan, and, cutting off all amusements or other employments that would divert his attention, make the execution of that same plan his sole study and business.”
—Benjamin Franklin (1706–1790)