Education Savings

Have you noticed how quickly the cost of post-secondary school education is rising? You may not have. Between work, soccer, band practice and everything you have on your plate, you may not have time to worry about it. However, the sooner you address the issue the better.

For starters, take a look at the different ways you can save for your child's education.

Registered Education Savings Plan (RESP)
A Registered Education Savings Plan is a tax-deferred vehicle offered by the Federal government. An RESP is an account that individuals can use to save for qualified post-secondary education expenses for eligible students.

In-Trust Account**
An in-trust account is an "informal trust" set up with a financial institution to invest funds for a minor.

**In-Trust Accounts are currently not available in Quebec.