Community FAQ
How much money do I need to get started with an RESP?
Sponsored
You can start an RESP with any amount—even small contributions count! The government will match 20% of your contributions up to $2,500 per year per child, providing up to $7,200 in grants. Starting early is key because modest contributions can grow substantially by the time your child is ready for post-secondary education.
Answered by Shannon Neely, Shannon Neely Financial. Based on Making the Most of Government-Sponsored Investment Plans: A Financial Planner's Guide.