You want the best for your child; whether it’s the softest plush toy or the safest car seat, there’s a lot to think about. And that’s just today. What about when they’re a teenager and thinking about college, university or another post-secondary program?
Investing in a Registered Education Savings Plan (RESP) is a great way to help your child have the freedom to do what’s best for them. But when you cut through all of the details, the options, the providers, the applications, one important question remains: What is the return on my RESP investment? How much money will my child receive towards their post-secondary education?
Here’s the bottom line: much of the return depends on how much you invest and when. Take a look at our infographic, What’s the potential value of my RESP, to see possible scenarios and start thinking about how your decisions can fuel your child’s dreams.