It depends on your future plan in Canada. If you 'may' leave Canata to USA/China or any other places for your career development. Or you even don't want to have your kids university educated here. Locked in RESP maybe your burden. At the time when you want to withdraw RESP, government grants + interest will have to returned to Canada.
Vice versa, if you have the plan to let your kids living in Canada during the time frame of middle school and university. It worths buying RESP.
What RESP can be bought? Personally I recommend Self-Direct RESP.
Check with TD/Scotia Bank/Royal.
最初由 msft 发布 worth. if you leave canada in future, just spit out whatever grant you recieve from the government. and take back what you put in. what will you loose?
Let's say one guy contributes $2000 each year to buy fund or whatever, and government gave him $400.
As we know the average return rate from your RESP is lower than BANK PRIME rate, while Canada will calculate the grant + interest which almost equals to PRIME or higher. The agent will ask for penalty. In this case, averagely speaking, person will lose money when withdrawing RESP.
