You already know that there are many smart reasons to open a Registered Education Savings Plan (RESP). Good for you! While helping a child achieve their dreams is likely at the top of your list, the ability to grow tax-free income on your hard earned money in an RESP, and the opportunity to maximize government grants are likely not too far behind.

Consider this last benefit – government grants -- for a moment. All you have to do to receive grants is to continue to contribute to your RESP.

Every parent wishes success for their child, in their career, their relationships and throughout life. As you prepare your child for the world out there, know that there is something invaluable you are doing to ensure their success. You are giving them them access to the higher education, something they’ll need to survive in an everchanging job market!