“Recently I saw the results of a study done by Canada Life, and the results surprised me. The study found that 92% of Canadian parents know that Registered Education Savings Plans exist, but only 49% are taking advantage of them.
The surprise was not that so few people get in on the action. I already knew that not enough people are planning for future education costs. Rather, what surprised me is that so many people already know about RESPs and yet they still are not doing anything about it.”