Many affluent Canadians take advantage of RESPs (Registered Education Savings Plans) to fund their children’s future education expenses. These accounts have tax advantages and can help preserve wealth. When an RESP is opened, there are typically two approaches when it comes to funding the account: a lump sum contribution or maximizing annual contributions. This informative video covers these two funding methods and highlights a few benefits of each. I hope you find this video helpful and if you would like to discuss an RESPs, please let me know.