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RESPs 101: How they work and why parents should open one

Preet Banerjee
Special to The Globe and Mail

This article was published more than 5 years ago. Some information in it may no longer be current.

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The registered education savings plan (RESP) is a no-brainer for parents looking to save for their child's post-secondary education. Yet many Canadians are not sure how they work and how to get started. In this video, Preet Banerjee goes over the fundamentals of RESP contributions and the matching 20-per-cent grant from the government.

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