Help save for your children's education
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If you have young children and are worried about how you're going to pay for their post-secondary education, you might want to consider investing in a registered education savings plan (RESP).
RESPs are registered with the federal government and allow contributions to grow tax-free until the beneficiary begins studies at an eligible post-secondary educational institution. Taxes are not paid on the principle or interest until the beneficiary begins their studies.
