Earnings within an RESP are not taxed. When the funds are taken out for education, withdrawals are taxed in the student's hands, often resulting in little or no tax.
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More than smart investing & honest advice, we're with you every step of the way.
More than smart investing & honest advice, we're with you every step of the way.
Grow your savings faster with the Canada Education Savings Grant (CESG)1, Canada Learning Bond (CLB)2, and other government incentives. See RESP Grants and Bonds.
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