RESP Canada : explained for beginners
In this video I explain the benefits of RESP Canada, how it works, and the key limits/rules you need to know. One thing is for sure, if you have children, you should open an RESP account ASAP. Under this program, all you have to do is open an account and add money to it. In turn, the government will deposit money in this account. It's free money. Like any registered account, investment income is earned tax free but there are limits and rules to know in order to take full advantage of RESP Canada. To know more,
this video is well worth your time.

00:00 Introduction
00:48 RESP Canada Benefts
01:58 How RESP Canada works
03:33 How to take out RESP Canada funds
04:25 Where do RESP Canada funds go when you withdraw ?
05:02 RESP Canada rules and limits
07:39 Beyond this age, you can not get any grants
08:12 Must DOs to take full advantage of RESP Canada
09:00 The latest you can start to get 100% of the grants
10:00 Don't delay because....


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