It makes sense for parents to start thinking about RESPs during back-to-school season. And there’s no shortage of financial institutions delivering statistical reasons why parents should be investing in an RESP. Yes, including CST.
More Canadians are saving more money for college than ever before. Maybe it has something to do with the increasing cost of tuition or the stories we hear about students with large debt loads that have parents convinced they need to plan ahead and save for their child’s academic career. Newly released data from HRSDC (Human Resources and Skills Development Canada) shows that roughly 45 per cent of Canadian children had an RESP (Registered Education Savings Plan) set up for them by their parents in 2012.
