If your household income is very high, buying RESP is a way of saving money for the future and release some current tax. If you don' t have big money now, forget it.
-sailor(Sailor);
2001-9-1(#187286@0)
Dont' buy, remember the government is always winner, there's no free lunch, you loose more if
you try to get money from the government.
-guest:guest;
2001-9-2(#187374@0)
You need a financial planner, not me. Tell the planner your goal (the amount of money
you'll want have available in the number of years). Make sure the planner is private
and ain't some saleman.
-guest:guest;
2001-9-2(#187411@0)
you lost a chance to handle these money by yourself,not anyone. your baby 's 10 year's resp can be cd$25000 at least,and you can invest a little more,then you can buy a house by paying off 25% downpayment.
-guest:;
2001-9-3{65}(#188222@0)
then you can rent it out,and get some reture for your kid .right?