Taxes & Accounts

RESP vs TFSA or RRSP for Education Savings

The cost of post-secondary education goes high every year; as a result, the Canada government established different accounts for enables the parents or grandparents to save money for their child, grandchild or relatives. Two common accounts are Registered Education Savings Plan (RESP) and Tax-Free Savings Accounts (TFSA).  Which account is better for educational savings? First, …

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