RESP withdrawals- Think Strategically
Aarinder Lidder - May 18, 2022
If you have opened a Registered Education Savings Plan (RESP) for the benefit of children or grandchildren, chances are you have been disciplined in contributing over the years to support a child’s future higher education. However, have you considered the way in which you will eventually withdraw funds from the RESP? The time will come when RESP funds will be needed for their intended use. Or, perhaps there may be circumstances in which the RESP beneficiary may decide that they will not be pursuing a higher education. As you look forward, here are some potential considerations for withdrawal strategies relating to the RESP. To read the full article click here.