Education Planning

As education costs continue to rise and outpace inflation, it is increasingly more important to start saving early for a child’s post-secondary education. To give an idea of cost, average undergraduate tuition in 2022-2023 is $6,834 (StatsCan) and this does not include accommodation, meals or books. There are various ways to save for a child’s post-secondary education, however typically the most attractive option is via a Registered Education Savings Plan (RESP) which can grow tax free and attract government grants.