What is RESP? Canada's Education Savings Plan Explained. скачать в хорошем качестве

What is RESP? Canada's Education Savings Plan Explained.

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. 👉 Subscribe for more Canadian personal finance basics, life insurance education, and personal growth strategies.