Learn more about the Fundamental Retirement Plan: ⁠ https://www.fundamentalwealth.ca/get-started

Opening an RESP for your grandchildren can be one of the most impactful financial gifts you give—but there are important rules to understand.

In this episode of Retiring Canada, we break down how Registered Education Savings Plans (RESPs) work in Canada and what grandparents need to know before contributing.

You’ll learn how government grants like the Canada Education Savings Grant (CESG) and Canada Learning Bond work, the differences between family and individual plans, and how contribution limits and tax rules can impact your strategy.

We also cover practical considerations around control of the account, family dynamics, and how to ensure your contributions are used effectively for your grandchildren’s education.

This episode is for Canadian retirees and grandparents who want to support their family’s future while making smart financial decisions.

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EPISODE RESOURCES:
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