Archive for the 'Government Programs' Category

RESP – Registered Education Savings Plan

Friday, December 25th, 2009

A Registered Education Savings Plan (RESP) is a contract between an individual who is the subscriber, and a person or organization, who is the promoter. The subscriber (or a person acting for the subscriber) makes contributions to the RESP, which earns income. The subscriber names one or more beneficiaries and agrees to make contributions for [...]