14-08-2026 03:35 via moneysense.ca

How to avoid these common RESP withdrawal mistakes

As the school year approaches, families across the country are getting ready to tap into their registered education savings plans. RESPs are a powerful savings tool to fund a child’s post-secondary education, but experts say parents or guardians navigating withdrawals should start the process early and avoid common mistakes that may raise their tax burden or hurt growth of the investments in the account.  Sandi Martin, a certified financial planner at Sandi Martin Financial Planning,
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