How can you choose the right RESP?
It is also known as the non-family plan, and if you are not related to the child, you plan to save for it. Under this plan, only one beneficiary is named, and they don’t need to be related to you by blood or so. You can open this plan for yourself or any other person. But the Canada education savings grant and Canada learning bond are likely to be paid to the eligible beneficiaries only.
Perks of RESP
To know more about RESP plan, contact Ez Financial.