Why Choose an RESP Over a Tax-Free Savings Account?


Registered Education Saving PlanWhy Should You Choose an RESP Over a TFSA?

Putting children through university or college can be expensive. If you don’t plan ahead of time, the expenses for their post-secondary education (PSE) could be crippling. Fortunately, the Canadian government provides help through the Registered Education Savings Plan (RESP). Another avenue you can take to help save money for their PSE is through a Tax-Free Savings Account (TFSA).

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