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RESP withdrawals

McGill university campus in Montreal, Thursday, September 19, 2024.

RESPs

How to avoid these common RESP withdrawal mistakes

Learn how to avoid common RESP withdrawal mistakes and make the most of your savings when paying for your...

How to avoid these common RESP withdrawal mistakes
A dad and teenage son look at RESP info on a phone.

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How to withdraw RESP funds

Many Canadian families save for their kids’ post-secondary education with an RESP account. How do RESP withdrawals work?

How to withdraw RESP funds
A woman checks her investments on a tablet

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How is investment income taxed in Canada?

A MoneySense reader wants input on the tax implications of her investment withdrawals, but she can’t get a straight...

How is investment income taxed in Canada?
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Education Money

Top 5 questions about family RESPs

If you have multiple kids or grandchildren, a family RESP can help you save for their college or university...

Top 5 questions about family RESPs

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Education Money

You opened an RESP—now what?

A registered education savings plan is the best way to save for a child’s education. Here’s how to use...

You opened an RESP—now what?
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Education Money

RESP vs. RRSP and TFSA: What’s the best option for education savings?

Families saving for a child’s post-secondary education have more options than ever. With TFSAs, RRSPs and other accounts, does...

RESP vs. RRSP and TFSA: What’s the best option for education savings?
students at university with resp studying on quad

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My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes?

A Certified Financial Planner explains how RESP withdrawals and taxation can work for each of your children, regardless of...

My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes?
A young woman checks her child's RESP balance on her phone

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What to do when you have insufficient or unused RESP funds

RESPs often fall short of funding a child’s full education, but sometimes an account holder ends up with unused...

What to do when you have insufficient or unused RESP funds

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Student Money: How to pay for school and have a life—a guide for students and parents

Going to school is expensive—but so are extracurriculars. This financial guide covers how to pay for school, for both...

Student Money: How to pay for school and have a life—a guide for students and parents

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