Wednesday, December 17, 2014

RESP Contributions as a Gift?

Christmas is around the corner, maybe a birthday too, and your loved ones are excited to purchase gifts for your children. Toys are usually the go to items for little ones.

One year, when the kids were little, we asked the Grandparents to make a contribution to the RESP instead of spending too much on gifts. This was just before our experience with Heritage went south. My mother-in-law had heard some questionable stories about Heritage, and opted to buy the toys instead. Others just wanted to see the look of joy on their cute little faces.

Have you ever asked your family/friends to contribute to an RESP instead of buying gifts? How did they respond?