How to Save $1 Million for Your Kids by Age 18

I show you the BEST way to save for your children's future using the RESP. I also explain and break down all of the basics of the Registered Education Savings Plan for Canadian parents, especially for beginners!

I also explain the benefits of an RESP and how you can use tax-sheltered investing and Canada Education Savings Grants to fund your child's post-secondary education. I have also shown how you save for your children's future by maximizing this free money from the government and how to invest in your RESP to make the most of its tax-free growth!

⏱️⏱️VIDEO CHAPTERS⏱️⏱️
00:00 Introduction
00:49 What the RESP is
01:35 The benefits of the RESP
04:17 the rules of the RESP
05:53 What happens when your child turns 18
06:21 Taxes in an RESP
07:58 Some examples of RESP calculations
09:13 What is the CESG
10:15 The Canada Learning Bond
11:14 How to maximize your RESP
13:27 A few things to note about the RESP

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⚠️ Disclaimer:
This video was created with the aim to educate and inspire its audience. It is not financial or investment advice.