[...] Registered Education Savings Plan (RESP) [...]

If you get in trouble before 7 – 8 yrs, just dial down the amount of your obligation. You can put as little as $5 per month. That, certainly, is not a hardship. I am just stating that there are options here and not to get all hung up on contracted obligations in a group plan.

As for pros and cons of group vs. self administered RESP’s, I’ll let the rest of you duke it out…. I can’t wait to when it gets to whose father can beat up whose……

If you get in trouble before 7 – 8 yrs, just dial down the amount of your obligation. You can put as little as $5 per month. That, certainly, is not a hardship. I am just stating that there are options here and not go get all hung up on contracted obligations in a group plan.

As for pros and cons of group vs. self administered RESP’s, I’ll let the rest of you duke it out…. I can’t wait to when it gets to whose father can beat up whose……

As for your comment here: “What if I get a seven year ladder GIC from my bank and need the money now. AAAAAhh – I will lose money.” No, you will lose your interest that you would otherwise have learned, but I get back every dollar I put in. Everything I’ve read,

As for the rules for EAP/AIP, here’s two guides that I was able to find in seconds online.One from bmo http://www4.bmo.com/popup/0,2284,35649_24160437,00.html and one from cibc https://www.woodgundy.com/wg/reference-library/topics/milestones-and-purchases/resp/eap-withdrawals.html

As for fees, Canadian Capitalist said it best: “The total impact of all the fees on a group scholarship plan is of the order of 2.15% (1.25% for the impact of the enrolment fees and 0.9% for other fees). While that compares favourably with high-MER mutual funds, it is certainly not 3 times cheaper. And parents have a much better option than having to choose between Tweedledee and Tweedledum: they can walk down the street to a TD Canada Trust branch and open a RESP account and invest in TD e-Series mutual funds for a total cost of less than 0.5%. Now, that is more than three times cheaper.” http://www.canadiancapitalist.com/the-mer-on-group-scholarship-plans/

And finally, I really would love to know the $ amount I’d have left in your unnamed group scholarship fund.

It’s really not fair to say that I’m not listening or open to ideas. Read my posts (under Geoff or Novice, I’m trying to lose the ‘novice’ name now that I’m getting more saavy) and I like to think they’ll show someone who’s more open than you think to good logic, and open discussion.

I will reiterate that I am not here to convince you. Your mind is made up. I get it. Don’t need to keep hammering that in.

I do post accurate information, and numbers to back it up. George, feel free to not respond to any, or all, of my comments. Just respond to the parts that you don’t like, I get it. In regards to your comments, I would argue that you are posting opinions (might be right, might be wrong) without numbers to back it up. I am aware that actively managed funds 80% of the time do not beat the index they are measured against. The other 20% do. There are a few managers out there that are worth paying the fees to, it just takes work to find out who they are.

You posted an article, and claim that it proves that all actively managed funds cannot beat the market. It doesn’t. I quote:

Over any specified time period, the market return will be a weighted average of the returns on the securities within the market, using beginning market values as weights3. Each passive manager will obtain precisely the market return, before costs4. From this, it follows (as the night from the day) that the return on the average actively managed dollar must equal the market return. Why? Because the market return must equal a weighted average of the returns on the passive and active segments of the market. If the first two returns are the same, the third must be also.

This is true, but it makes a slight assumption that is hard to catch. Because it lumps all ‘active managed dollars’ of the market into the grouping of ‘actively managed funds’, right here it lost my support. This doesn’t take into account any other investors in the market. Also, even taking that obvious omission out, it also stands to reason that 80% of the actively managed funds could under perform, and 20% could over perform, giving a weight that would equal, (together with the passive money) the average of the market. This in no way proves that some funds cannot provide better than market returns. Your post seemed to claim that was the case.

For the record, I only brought ‘actively managed’ into the picture, because some people kept comparing us to GIC’s, and that our returns should be expected to equal that. I only brought it up to refute that claim, and I have done so. I am not here trying to tell you to take all of your money and go get a financial planner. I believe everyone should do what is comfortable to them.

Geoff:
I never asked how people’s bank funds were doing, I only commented that someone else had asked, and I found it amusing that people weren’t jumping up and down about their returns, like they were a few months ago. (I still note that at the time of her post, it is amusing that no one spoke up.) I am glad that your savings have done well – I am not here to convince you to do anything you are not comfortable with. I would say that you must be a savvy investor, as with an 80% equity and 20% bond mix, you seem to be doing much better than others right now.

As to your comment about comparisons; you seem to be implying that I have somehow tried to hide the fact that the membership fees are front end loaded – please reread my comments and let me know if that is true. Other than that, please quit harping about it. I haven’t hidden it, and don’t feel like talking about it in each post. I am not here to argue, only to ensure that accurate facts are able to be read.
(Also, I don’t want to disclose who I represent for legal reasons. Normally, a Scholarship plan sales person can only be licensed in one province, and this can be read right across Canada. As well, being licensed, I have an obligation to make sure that the information I give is 100% accurate. Anyone else here can post that the sky is green and the moon is made out of Swiss cheese. I have to make sure that none of my statements can be misleading in anyway. While at the same time, I still have a personal opinion, and I want to say it. If I were to say what company I worked for (by mentioning balance/return numbers that only someone internal could know) I am in essence revealing that info.)

Also, again with the assuming: “what if you run into trouble BEFORE year 7? It happens. That’s not a solution.” Obviously you are implying something – if you want to know what each plan has for options, call them or read their prospectus. Quit assuming that, “If I miss one/a few contributions – I lose all my money.” It is probably not true, but it seems that a lot of people here like to repeat that. What if I get a seven year ladder GIC from my bank and need the money now. AAAAAhh – I will lose money. Crap – I wish I never got into this GIC – the bank is evil, etc, etc. A cell phone contract is 3 years, for goodness sakes – I still see a lot of cell phone out there. I get it – you don’t like the obligation – you don’t like attrition. Point made, no need to repeat.

As far as options between a group plan and a bank plan, a group plan probably has MORE options. (get that – the opposite of fewer) (I say probably because I obviously cannot speak to each scholarship plan, but assure you that at least one has more options than the banks.) Unless you have read each companies prospectus, and fully understand their options at maturity, I would have to say that you are GUESSING. When it comes to fees, I would argue that Scholarship funds are much more upfront about their fees than most other investments. (Check into the status of the ‘one page’ information sheet the SEC is trying to impose on the investment world. See who is fighting it – banks and mutual funds, or Scholarship plans. We aren’t, because we already disclose all fees.)

I mean:
“offer different (read: fewer) options than bank programs, have large penalties, require more documentation to get funds out than a regular program, bury fees, make misleading statements, seem to hide information, etc.”
No mud or opinion there. lol

Again, please find out from your bank what happens if the conditions for an EAP or AIP are not met. Please post your answer here.

Let’s please keep this conversation civil. I am not trying to convince you of anything, I won’t knock your decisions for your family. I understand that your opinion is very set, and I have not desire to change your mind. There is no need for you to keep objecting to the same points that you don’t like. I get it. You will (probably) not (although I always keep an open mind) convince me of anything, so no use in trying.
Cheers,
Mark

I think it’s because you don’t want to write out that in my bank fund I have $6569, and if I went with your company I’d have… $4,000? I can only assume it’s a lower number.

You do say that your fees are front-end, does that mean that there are $0.00 fees (including mers) after these are deducted?

As for mulletman’s advice above: “Even if you get stuck in a contracted contribution schedule, you can always convert after about 7 – 8 years which would pay the units up on the scholarship plan. You are then free to do what you please.” — what if you run into trouble BEFORE year 7? It happens. That’s not a solution. With my current efund account, I just stop contributing, no harm, no foul, no one gives a darn.

Lastly, what I keep hearing, from salespeople and customers of group plans, is how they offer different (read: fewer) options than bank programs, have large penalties, require more documentation to get funds out than a regular program, bury fees, make misleading statements, seem to hide information, etc. And I have to tell you, the concept of ‘earnings from attrition’ I find repellent on a moral and ethical level and I think attrition is doing a lot more of the heavy lifting of having a higher payout than ‘actively managed’ investing is.

This strikes me as a little bit odd. You claim that you want to ensure that accurate information is posted, but you also make a brazen claim that because a plan is “actively managed” it must outperform.

This claim is, unfortunately, just plain false. On average, an actively managed fund will underperform a passively-managed fund. Yes, there will be actively-managed funds that outperform in some time periods, but over long timeframes it is a sucker’s bet to try to outperform the markets.

For more information I suggest you read this paper – it’s nearly twenty years old, but the information it contains is just as relevant today: http://www.stanford.edu/~wfsharpe/art/active/active.htm

In particular: “If “active” and “passive” management styles are defined in sensible ways, it must be the case that
(1) before costs, the return on the average actively managed dollar will equal the return on the average passively managed dollar and
(2) after costs, the return on the average actively managed dollar will be less than the return on the average passively managed dollar
These assertions will hold for any time period. Moreover, they depend only on the laws of addition, subtraction, multiplication and division. Nothing else is required.”

Put simply: Costs matter. Active management costs money, and will apply whether you’re referring to an actively-managed mutual fund, RESP scholarship plan, or any other investment.

First of all, I want to state and reiterate some things. I did not comment on these discussions because I was trying to convince the people who didn’t like scholarship plans that they should. I only wanted to correct what I saw as some common misconceptions. I don’t think people are on here deliberately trying to mislead people, but if there is info here that is untrue, that could be the result.

Secondly, I mentioned elsewhere that some of the Scholarship plans have had many plans throughout their life. I think some people still don’t understand what that means. Maybe I wasn’t clear about this, so I will repeat. Some of the companies will have children going to school right now with an older plan. This plan will have different rules and benefits than the plan that that same company is marketing today. This is one of the reasons there is such confusion about Scholarship plans, and why these boards can sometimes confuse. This is why I say that people should look in the prospectus, not ask people on the internet, as their answer might be wrong. http://www.sedar.com

There are two other things that I see repeated that need to be corrected. First, the ‘lumping’ of all Scholarship plans together. There are a few, and there are differences among them. There are two that I honestly don’t like. I try to keep my comments as general as possible, for a couple of reasons, but that does not mean what is true for one company is true for all of them. It pays to do some homework.

The last thing that bothers me is the comparison of GIC to Scholarship plans. I don’t know who started it, but it really is annoying. The question should be ‘why are the banks giving such low returns on GIC’s?’, not ‘How come Scholarship plans can consistently beat them?”. Read the prospectuses.

Again, I know that Scholarship plans are not for everyone. I have no problem with that, and I am sure most people don’t either, so please keep in mind that your choice of investment might not be their cup of tea either.

Again, keeping to generalizations as each company is different, Scholarship plans have lots of options if there are financial problems. Call them and ask what options are available in each situation, or look in their prospectus.

In order for me to ‘report’ a rep saying something that is fraudulent, they would have to say it to my face. Other than that it is hearsay, and I hear a lot of it. I always ask people if they would put it down on paper, and most of the time they won’t. Twice I have forwarded a complaint on, once it was dealt with. That is why I always tell people to document and report something they feel might be wrong. (I hope that question wasn’t intended to imply that I sit by while people are out there misleading people. I have written my Provincial ministers, and the SEC, asking that something be done. (I have also mentioned that MER’s be looked at, as banks do not consider them fees, and tell people that there are no fees for their investments.) The only way that snakes will be caught is if people report them.)

I didn’t mean to imply that a Scholarship plan is the only means of ‘forced savings’, but it works for me. I started when my first child was 9 months old. For nine months I told my wife I was going to research, and didn’t. I eventually let a RESP person into my house, (after many phone calls) and started a plan. I knew I had 60 days to think about it and change my mind, (much better than any other investment out there) so I read the prospectus and liked it more, the more I read. I started with a monthly amount equal to our cable bill. I figured if times ever got tight, I would cut the cable, and I haven’t had to. I have consistently increased my contributions, and now wish I had started with more, but that is life. Previously, I have started a term deposit GIG, and a term deposit RRSP, so I knew that option was there. Thing is, I cashed my term GIC before maturity (no interest, how immoral of that bank – lol) and pulled out my term RRSP when I needed the money. (Oh yeah, I knew how to turn the PAD off, all too well.) When I understood the Scholarship plan, I liked the ‘forced savings’ aspect. As I said, there are a lot of options if I have a financial mishap, but until then, I am making my contributions. After I started with the company, and knew them even better, I started a plan for my second child. Believe me when I say, and you may not be one of them, but there are a lot of people who like scholarship plans, with their eyes wide open.

As to the comparison questions, the group resp’s are front end loaded, so that a two year comparison would be quite slanted. I prefer to compare ten year returns – call then. I appreciate that you might be very happy riding the roller coaster with your child’s money (why have 20% bonds now, btw?) but some people aren’t. I appreciate that you are confident that you will have X amount of money when the time comes, but there are some people who don’t want to take that risk with their child’s savings. Lots of people are aware of what has happened in Japan, and know that the market isn’t a guarantee, and that they might even lose money. I talked with a fellow last night, and his major concern was not losing principle. (I hear this all the time.) He is getting almost no return right now in a bank GIC, and he was okay with that. Again, it is a personal choice.

Another thing that bothers me is when people don’t know the answer to a question, so they assume the answer. That is fine in your own head, but once it is posted, it might mislead someone else. The returns that I have posted for the Scholarship plans are without any attrition. Like I always say, the return of membership fees and attrition are bonuses for the children if they go to school. Even before all the extras, the scholarship plans outperform because they are actively managed funds. (Contrary to another post that I have seen.) There are a lot of options for people who need to change their contributions.

Find out what happens to your growth, and grants if you need to close your bank RESP and pull all of the money when the child is 8 years old. Tell the bank that you need the interest because you have legal bills. Tell them if you don’t get the growth it is ‘immoral’. Scholarship plans have lots of options if a financial hardship occurs.

To post 222:
Again, I was discussing two different plans. One was already mature, one is being marketed today. Different rules. I will say it again. Some Scholarship plans have had many plans over the years. (not all) Don’t compare what a child is experiencing now, with the plan that is currently being marketed. Check the current prospectus for all the ‘what ifs’. I hear it all the time. “My aunt’s, uncles, cousin’s son is going to school and XYZ”. That might not be true of the plans currently being marketed. Again, I like people being able to make their decisions on facts.

As well, like Mulletman has said, people can always choose the lump sum plan. What I encourage is that people open a reasonable (and I always coach people to choose a lower number) monthly or annual plan, and also open a lump sum plan. Then they make their normal contributions, and when they want, they can add additional money. Most of the time they love the idea, ask me to call later, and when the time comes, they have adiffernt obligation. Something came up. But guess what, they are still making their regular contributions, are happy with that, and their child will have the money when needed. Having $50,000 is better than having nothing. Trust me when I say that these people, like me, love the regular contributions.

I talk to a lot of people with 2-8 year old children, and they have started a plan at the bank. Put in money for a while, then ‘suspended’ the contributions. Good intentions – lack of follow through. The money is always needed elsewhere. I personally have been putting off buying a couch, car starter, and many other things, but am always putting money in to my children’s RESPs. Basically, they don’t have much in it at all. I talk to people who will start a plan at a bank, and then ‘realize’ that they can’t afford it.

Again, the purpose of my posting wasn’t to ‘win’ people over, just to ensure that accurate information was being posted. I just talked to a lady who decided to go with the bank. (Fort the record, she never sat down with a scholarship plan person) Did she go with the bank because the bank was better? No, she ‘chose’ the bank by default. The talked to Scholarship plan people at a trade show – some of them slung some mud around. She talked to some friends, and they all told her different/conflicting things. She knew she had to do something, so she went to the bank. Funny thing is the bank didn’t properly explain how their RESP worked. There is some ‘buyer beware’ out there, no matter who you are talking to.

I can’t figure out why everyone is getting hung up on “missing contributions” on a group plan. If you choose the lump sum option (as I have) you can make payments of any amount whenever you want. Seems like a no brainer to me.

Even if you get stuck in a contracted contribution schedule, you can always convert after about 7 – 8 years which would pay the units up on the scholarship plan. You are then free to do what you please.

On CanadianCapitalist you post this:

“So to the post that Kruller made on Sept 21, 2009 – the CST plan which that family has probably won’t pay unless it is a 4 year University program. (and that can be CST’s definition, not the governments) There may be other restrictions as well. (I am guessing a bit, as I don’t have the prospectus for that particular plan in front of me.)”

But here you write:

(.. If a child doesn’t go to school, (with a Scholarship plan) they can choose the Self Directed/Initiated option, and have the same options that a bank plan would allow. They don’t ‘lose their money’.)

I don’t get how someone could not their money for going to one school instead of another, but get it for not going to school at all.

I remain confused. What happens if (a) I stop contributing to a scholarship plan or (b) my son doesn’t go to a 4 year university plan?

I know with my td efunds account if I want to suspend contributions, I just go online and choose ’suspend’ and it’s done. Funds still grow, penalties don’t exist and they go by the government rules.

As far as my self-directed RESP investments, I’m quite happy with their performance – they are doing exactly what I expected them to do – ride the stock market’s ups and downs. I still have 16+ years before those funds will be needed, and I’m perfectly happy to accept the potential for market losses in some years (i.e. 2008) for the potential long-term gain that exceeds inflation (i.e. most of 2009). My oldest child is 4, and the RESP account balance is nearly $20k.

I really don’t like the “forced” savings aspect of most “group scholarship” RESP plans – As Geoff notes, what happens if you are unable to make some of the contributions?

I have a few questions / comments:

1) Is it true that if I miss a few payments on a scholarship plan, my entire account may be forfeited?

2) Given that you’ve heard sales reps make fraudulent statements, how many have you reported? What happened to them?

3) You imply that a scholarship plan is the only means of a ‘forced savings’ when that can be achieved just as well by an automated payment system run by pretty much anyone, including banks.

4) My RESP with TD efunds (couch potato classic, 80% equity/20% bonds) was started in Dec 2008 with $2500 and then over the past year I’ve put in just under another $2500 (one more biweekly payment to go). It’s current value is $6,569. Part of that is the 20% bonus from the government, and though I don’t know how to calculate it correctly (anyone?) I think that’s about a 4.63% annual return outside of the government grants. Can you tell me what my available account balance would be, if I made a $2500 investment in your scholarship plan in Dec 2008 and $2500 spread out over the past year as well? (so I paid $5000 total)

5) Market timing is indeed quite difficult, but I’m confident that most of the major companies that are around today will be around in another 16 years (my son is 2) and I plan on withdrawing funds when he turns 13 into more safe bond/gic investments, eliminating that risk while receiving dividend payments for the next 11 years. Education costs are going up faster than inflation, and I’m willing to take on some risk to avoid that as playing it safe is also risky but I agree it’s a personal choice.

Looking forward to your answers, especially to #4. Please include details of which particular plan you chose.

I find it slightly amusing that no one has been jumping up and down lately about their RESP growth in the stock market. In post #167, Sabrina asked if people would post how their self-directed equity RESP was doing and no one took her up on it. (She was wrong on another point, though. If a child doesn’t go to school, (with a Scholarship plan) they can choose the Self Directed/Initiated option, and have the same options that a bank plan would allow. They don’t ‘lose their money’.) We all know that the market has taken a hit, and has done quite a few time in the past, so this is not really a surprise to anyone. Obviously, it has bounced back some, and we all hope that it doesn’t drop again, but I find it funny that people brag when it is going good, and shut up when going bad. It’s kind of like talking to a gambler – you will hear all about the wins, and nothing about the losses.

I will let everyone know that I do work for a Scholarship company, and I really don’t want to post anything, but there are too many misconceptions out there for me to not say a bit. Here are a few misconceptions that I see thrown around.

First of all, CST, Universitas, and USC have all been through quite a few plans in the past. What I mean by this is that when they want to make a significant change or improvement to their plan, they stop selling the current one, and create a whole new one. This is one of the reasons there is confusion about Scholarship plans. The children going to school right now are doing so under different rules than the plans being offered today. In order for people to talk about a plan, they have to make sure that it is the same company, and the same plan.

Bonds and GIC’s. I see a common theme that this would be a better choice than a Scholarship plan, if safety is a concern. The most recent data I have is this. This is all sourced from Morningstar 07/31/09.
Canadian Money Market Funds 2.5% (Average of all funds in category with a 10-year history.)
Canada Savings Bonds 2.7% (Average rate of return over the 10-year period.)
GIC’s 3.5% (Average rate of return over the 10-year period.)
Canadian Bond Funds 4.6% (Average of all funds in category with a 10-year history.)

The actual returns for the three main Scholarship Plans are as follows: (and this is after fees, not before)

CST 4.5% (their plan is still newer, so I only have their five year average.)
Heritage 6.15% (this is their ten year average)
USC 5.93% (this is their ten year average)

I would have to say that most of these look quite good compared to the other ‘safe’ options out there. Even when you factor in the membership fees that are taken at the beginning, these would nicely outperform. Because of the differences that in these investments, I strongly believe that the scholarship plans will significantly outperform the other safe options out there. Some are even participating in Principle Protected Notes, that are able to get the benefit of the stock market, while still protecting the principle. In the future that should help make Scholarship plans even more attractive than they are today. I consider the return of membership fees, and money from attrition to be just an added bonus.

Another beef I have is with Scholarship reps saying things that aren’t true. I think that this is the biggest reason that our industry has people saying what they are on forums such as this, is the sales reps. As you can see from others who have posted here, a lot of people really like the Scholarship plans. What happens is that because it is an ‘incentive’ based industry, there are some bad apples out there. That is what a lot of the confusion, and bad feeling stem from. People not being told up front, all of the facts. If they had, maybe they wouldn’t have invested, or if they had, wouldn’t feel bad now. (eyes wide open kind of thing) I personally have what is considered a ‘bad’ closing ratio. Not everyone I sit down with signs up. I pride myself in this, because I tell the whole story and the people who do sign up, like it. Obviously, people who are really happy with their RESP aren’t searching the internet for ways to tell people about it. One hundred satisfied customers might collectively tell one person – one unsatisfied customer might tell 100. (here I am not pointing any fingers ?)

I read a comment by a rep that said a portion of the membership fees are kept, invested, and income is used to refund the membership fees later on. That is 100% untrue, and is indicative of the sales techniques that tarnished the industries reputation. I can personally say that I have heard people tell me things that, even now, surprise me. What some sales reps will say and do to make a sale saddens me. Most of what I have heard, if documented, can get a sales rep’s license taken away, but most people don’t want to come forward. I wish they would because I would like to deal with facts, and not have people preying on parents’ ignorance and emotions.

Another thing that bothers me about these posts it the assumptions that everyone has the same risk tolerance, that we all have the same abilities to manage our investments, that we even want to, and if we don’t want to go that route, we should just buy GIC’s. The pat answer seem to be “Invest like we do, or buy GIC’s.” There are many products out there, and not one is a perfect fit for everyone. I personally have sat down with accountants, bankers, financial planers, and lawyers. They have chosen our product. Most of my clients have financial planners (admittedly they are harder to talk to, as their FP keeps them well insulated from competition. ?) or investments at banks. When it comes to their children’s savings, they prefer to have it safer. Many people, while still investing in it, have been burnt at least once by the stock market. Most know that it is a waiting game, and that ‘market timing’ is difficult.
Another thing I see posted that is incorrect, is the fees of the Scholarship plans. Some people have posted that they are as high as 5%. Others say 1-2%. They also mention all of the scholarship plan fees, and then say that there is also a MER. This is a common misconception that the banks like to share. They lead people to believe that the scholarship plan is just like the mutual funds that they push, except that the scholarship plan has this added membership fee. This leads people to wrongly (most probably) assume that the banks total fees will be less. Also, I have heard mention that if someone doesn’t want to pay fees they can go to the bank, open a RESP and invest in GIC’s. This gives people the assumption that the bank is doing this just to be nice to them. If they give the people 2.5% on their GIC and lend the money out at 7% to some one for a car, they are making more on the money than the investor is. I am not going to slam banks, but I don’t want them to be able to let people invest without full information.

I am quite concerned that discussions like these will lead some people to just ‘put it off’ as they plan to research. Then they never do anything, or just throw their hands up in the air and go to their bank. (The majority of the people I talk to don’t know a thing about bank fees, and think that banks make money is some way that doesn’t involve them – lol)

To end my story, I have been investing for my son for over 7 years and for over 5 years for my daughter. I started her after I started working for the Scholarship plan. I have done a lot of research, and I do prefer one plan over the others, as there are differences, but most of them are a better choice than the banks. I personally like the ‘forced saving’ aspect of the plan, as I am sure that I would have ‘turned off’ my contributions had I been Self Directed. Not sure when I would have started up again. I have family that have done nothing, I have family that has had a financial planner advise them to pull out of a scholarship plan (not the one I represent, and before I started with them), only to find the FP was bad, and they now have no savings for their children’s education. No mater where you go, you will find good and bad. As for me, I love the scholarship plan that I am in, and would advise it for most people. Only time will tell who ends up with more, but that is only part of my goal. I don’t want to lose any sleep over it.

Feel free to email if you have any question. canadianfinancialwizard@gmail.com

Cheers,
Mark

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[...] Registered Education Savings Plan (RESP) [...]

[...] Registered Education Savings Plan (RESP) [...]

[...] Registered Education Savings Plan (RESP) [...]