RESPs: Grants, Grandparents, Withdrawals and What Happens if Your Child Doesn't Go to School
By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE
In this Episode, James Parkyn & François Doyon La Rochelle discuss RESPs. Starting from Grants, the role of grandparents, withdrawals and what happens if your child doesn't go to post secondary school.
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Read The Script:
1) INTRODUCTION:
François Doyon La Rochelle:
You’re listening to Capital Topics, episode #92!
This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.
Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.
In our podcast today we will discuss RESPs. Starting from Grants, the role of grandparents, withdrawals and what happens if your child doesn't go to post secondary school.
Enjoy!
2) RESPS : GRANTS, GRANDPARENTS, WITHDRAWALS AND WHAT HAPPENS IF YOUR CHILD DOESN’T GO TO SCHOOL:
François Doyon La Rochelle:
One of the biggest financial challenges facing parents today is the rising cost of post-secondary education. Tuition, housing, books, transportation, and living expenses can easily add up to tens of thousands of dollars over the course of a degree, diploma, or trade program.
Fortunately, however, Canada has a generous education savings program: the Registered Education Savings Plan, or RESP.…Read More