RESAs
A RESA, or Registered Education Savings Account, is a type of savings plan designed to help families save for a child's post-secondary education. Contributions to a RESA can grow tax-free, and the funds can be used for various educational expenses, such as tuition, books, and living costs.
In many regions, the government may offer incentives, such as matching contributions or tax credits, to encourage saving through a RESA. This makes it a beneficial option for parents looking to secure their child's future education while taking advantage of potential financial benefits.