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Ask any parent and they’ll tell you that time has the ability to magically fly by. One minute you’re watching your toddler try to navigate the living room and it seems like the next minute, you’re witnessing your teen trying to navigate high school. Sound familiar? Then don’t let the next few years slip away, because now is the time to start thinking about your teen’s next steps after grade 12. Is post-secondary education in the picture?

You know you’re ‘adulting’ when you start thinking about saving money for things like your family, kids and your retirement. Many of us are challenged with how to save for both our kids’ education and our “golden years” at the same time.  Fortunately, products like Registered Retirement Savings Plans (RRSPs) and Registered Education Savings Plans (RESPs) help make this choice a little easier. But when you’re a parent who’s being pulled in two directions, which one do you put your money in?

Let’s get to know the differences between an RRSP and an RESP.

Liliana Austin (2020 CST Scholarship Award) describes how her mom once told her she could do anything she set her mind to do. Now, armed with her 2020 CST Scholarship Award, Liliana is finally ready to believe her.

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CST Blog | C.S.T. Consultants Inc.

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