Here are some tips to get the best results from your RESP

Here are some tips on how to set up your registered education savings plan (RESP) and how to get your money out.
 
How to fund
For most people, cash is scarce. Normally the best funding strategy is to deposit $2,500 per year until you reach a total of $36,000 RESP deposits, which is enough to generate the maximum $7,200 matching federal government grants.
Suppose you receive a big inheritance, for example. You could make a single maximum $50,000 lump sum RESP deposit for your young child. E