RESP Rundown | With Joe Pochodyniak

from Lighthouse Outlook · host MacNicol and Associates Asset Management

In this podcast episode, Joe Pochodyniak discusses the advantages of Registered Education Savings Plans (RESPs) for saving for a child's education after high school. He explains that RESPs can be used for various types of post-secondary education, including trades programs, colleges, universities, and apprenticeships. The main advantage of RESPs is the ability to receive government benefits, such as the Canada Learning Bond and the Canadian Education Savings Grant. Joe provides a case study to demonstrate the potential growth of an RESP over time. He also addresses questions about eligibility, withdrawals, and over-contributions.

Episode metadata supplied by the publisher feed · Published Sep 5, 2024

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RESP Rundown | With Joe Pochodyniak

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