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In this episode of The Retire in BC Podcast, Ben and Arnold break down Registered Education Savings Plans (RESPs) — how they work, how to maximize government grants, and the biggest mistakes families make when saving for post-secondary.
They also share a real family story: how a 50/50 cost-sharing approach taught financial responsibility (and changed the way textbooks were bought).
Whether you’re saving for a newborn, a teenager, or future grandkids, this episode shows you:
• How to get up to $7,200 per child in government grants
• Why starting early makes a massive difference
• Individual vs Family RESPs (and which is better)
• Catch-up rules and hidden flexibility
• Key changes that made RESPs MUCH better after 1998
Simple. Practical. Powerful.
🎧 Perfect for parents, grandparents, and anyone who wants to help the next generation get a head start.
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