registered education savings plan

Registered Education Savings Plan (RESP) in Canada – An account at age 15 is associated with higher postsecondary enrolment rates by age 19

The registered education savings plan (RESP) investment vehicle is designed to encourage parents of school-age children to save early for their children’s education. This study investigates RESP investments in families, by family income, and subsequent postsecondary enrolment among children in these families. The study finds that among families with children under the age of 18, … Continue reading →