Can you afford your child's future?
by Melissa Glover - USC

These days, it takes more than highschool to get a decent job. In fact 2 out of 3 jobs today require a college or university degree and while education is getting more important, it is also getting more expensive. Save for your child's future now and get a government RESP bonus.

The federal government will now pay you to save. That's what the Canada Education Savings Grant (CESG) is all about. If you put money into a Registered Education Savings Plan (RESP), the government will kick in 20 cents for every dollar you save, up to $400 a year for each child. It's a bonus that can really add up! What's more, it's tax sheltered.