As your little ones head off to school, it's hard to imagine your thoughts will turn to post-secondary education in the not-so-distant future. If you haven't already set up a Registered Education Savings Plan (RESP), there's no better time than now.
"RESPs are a great way to fund an important priority for many Canadian families and that's post-secondary education," says Janet Brick, manager of RESP initiatives at RBC.
Two-thirds of families with children under the age of 12 have established an RESP. But with numerous options to choose from, you definitely need to do your homework. Here are some steps to get you started: