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Registered Education Savings Plan ( resp ) and the Canadian Education Savings Grant ( cesg )
Despite what you have read here, some of you are going to use the registered education savings plan and the Canadian education savings grant as a vehicle to save for your childrens education anyway. In the case of someone who is primarily using interest bearing investments or dividends to fund their childrens education, the resp and cesg is probably the best way to go.
I could explain the in's and out's of resp's and cesg's, but not as well as these people, so here are some links that you will need and some forms and guides that may be useful:
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The Canadian Education Savings Grant Web Page |
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Revenue Canada Registered Education Savings Plan Web Page - Guides, FAQ's, Forms |