Posted AT 8:46 AM EST on 24/03/07
Hats off to the new and improved RESP
This week's federal budget took the already essential registered education savings plan and made it just a bit better.There's more flexibility for people in how much they invest in RESPs each year, and the government is increasing the annual amount of grant money it will put into a plan to match funds contributed by parents and others. But with these improvements come added complications that warrant a fresh look at RESPs.
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