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Experts Say RESPs Still Useful Even when Parents Start Saving Later
Experts say RESPs still offer tax-free growth, government grants and flexible withdrawals, and accounts can stay open for up to 35 years.
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5 Articles
5 Articles
Experts say RESPs still useful even when parents start saving later
Earlier is always better, but even a late start in RESPs has benefits. 'I think they're a very valuable tool, and the biggest pro of all is that by using them, you get free money,' said Matthew Kempton, portfolio manager at Verecan Capital Management in Halifax. 'The government's going to give you a...
·Kelowna, Canada
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Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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