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Registered Education Savings Plan
(redirected from RESP)

    Also found in: Acronyms, Wikipedia 0.01 sec.
Registered Education Savings Plan
In Canada, an account into which a person makes contributions up to a certain limit in order to save for a university education and from which he/she begins to take distributions to pay for tuition and other expenses. A Registered Education Savings Plan allows for tax deductible contributions and taxable distributions; that is, contributions are tax-deferred until withdrawals are made. Registered Educations Savings Plans may be invested in securities and usually own common stock and certificates of deposit. See also: Registered Retirement Savings Plan.
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This would probably happen just when most families are looking at finally having some financial security A Registered Education Savings Plan - RESP - is vital for your financial health if you have kids who you feel may want to go into post secondary education.
Saving for Post Secondary Education by Dave Lympany / Finance and Investment community
But do not despair--I will guide you through the general requirements of the RESP program, which will help you both save for your child's education and keep the taxman at bay.
Oh, won't someone please think of the children? A look at Registered ... by Saskiw, Shayne / LawNow
The costs include the fee for obtaining a birth certificate and the initial deposit required to open an RESP account.
Alberta increases assistance benefits by Community Action
 
 
 
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