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The ABCs of using RESP funds.
Your wee babes have grown into young adults ready to take on the world – or at least head to, post-secondary education. Knowing that college and university come with a hefty price tag, you have faithfully made contributions over the years into a Registered Education Savings Plan (RESP). Now that it’s time to use these funds to help your kids or grandkids with tuition, the next steps may feel somewhat overwhelming. Consider this your primer on how to use these savings – including the “what now” scenario if a post-secondary dream falls flat.
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