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WebJun 12, 2024 · In a group RESP, often called a “scholarship fund”, the money from multiple contributors for multiple children of a similar age is pooled together. Everyone agrees to keep up contributions, as well as put in their CESG grants, to help the entire pot grow. When the children grow up and attend post-secondary, they all get a piece of the pie. WebOct 17, 2024 · The RESP account is powerful due to the Canada Education Savings Grant (CESG), which offers up to $7,200 in incentives for you to save for your child’s education over the long term. I’ll save the details and mechanics of the Canada Education Savings Grant for a future post, since it can get a bit complicated. cleveland texas weather forecast
What Does a Respiratory Therapist Do? Duties & Salary Info
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