Here's what you should know about Registered Education Savings Plan

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The cost of living continues to add a strain on everyone's budget, but the Registered Education Savings Plan (RESP) remains an investment that can help you get the higher education you're aiming for, says an expert.

The cost of living continues to add a strain on everyone's budget, but the Registered Education Savings Plan remains an investment that can help you get the higher education you’re aiming for, says an expert.

"There are some grants, there are extra incentives that the government gives both in Ontario as a provincial government and federally to accelerate your savings. So, if you contribute, there's some matching going on that you don't wanna miss out on," he explained.You have to have proof that you're going to post-secondary education to be eligible to sign up for the plan, whether it's college or university, he says.

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