Individual vs. Family RESP
- Clement Chung
- Sep 24, 2020
- 1 min read
There are two main types of RESP – and which one you choose often depends on your relationship to the beneficiary:
An Individual RESP can be opened by anyone for anyone.
A Family RESP can be opened by parents or grandparents of the children and can be withdrawn in the name of any beneficiary named to the plan.
Key Differences
Comments