Whats the easiest way to get started?
The easiest way to start an RESP is with the NSCU RESP Growth Savings Account. With its premium interest rate, it offers an ideal way to accumulate funds until you have enough to invest in other higher-growth investments. It’s also an excellent idea to arrange for pre-authorized contributions to make building your savings as convenient and affordable as possible. You can start with as little as $25 per fund per month which can be automatically transferred to your account on a schedule that suits you. If you receive the federal government’s Universal Child Care Benefit ($100 per month each child under six) you may want to consider investing this in your child’s RESP or other investment options. The Universal Child Care Benefit is a taxable benefit so talk to us about the options best for you and your tax situation.
