Did you know that opening an RESP gives you access to money from the government? It's true. Many families miss out on the valuable contributions that are available to boost their child's education savings.
The Canadian Education Savings Grant (CESG) from the federal government will match 20% of your contributions to your RESP, up of $500 a year. The CESG entitlement can add up to $7,200 per child. That's over $7,000 in money for your child's post-secondary education.