Through RESP investment, you get two benefits:

bloor (不算太老)
1. Every year the government gives you $400 (or 20% of you investment, which is less).

2. The interest of that investment is tax-free (in fact, when your child uses these money, s/he will pay the tax, but since s/he has no other income, the tax rate is fare low)

And, it has some restrictions, for example,
1. No matter how much you buy, you can get at most 400 a year
2. Your kid must study at post-secondary school to be able to get these benefit. The restrictions are not the same on this, so check with your institution.
3. If you quit, you will lose a lot. Also, ask the salesman and be aware before you enroll.

Personally, I only want to get the 400 bonus, and don't care much about the interest. Select one of the largest institution.

2001-6-12 -04:00

回到话题: 请教RESP问题,哪种好?昨天heritage的代理上门介绍,他们是保本的,98,99,2000年的回报都在8%以上,年管理费0.5%,会员费3900(孩子上大学时退还). 其它mutual fund都不保本,年管理费2.5-3%.有经验的大侠请进

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