Many parents know they should save for education, but they may not realize exactly how much the government contributes through the CESG (Canada Education Savings Grant).

• The 20% Match: Clearly state that the government matches 20% of your annual contributions (up to $500 per year per child). Frame this as an “instant 20% return” on investment that is hard to find anywhere else.
• Compounding Growth: Explain that because the money grows tax-deferred inside the RESP, starting when a child is a newborn versus age 10 makes a massive difference in the final balance.
• Flexibility for the Student: Address the common fear: “What if my child doesn’t go to university?” Explain that RESPs can be used for trade schools, apprenticeships, and other qualifying post-secondary programs.
• Family Plans: Briefly mention that if one child decides not to pursue further education, the funds can often be used by a sibling.