Tag: RESP

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RESP Challenges After Breakup

The smartest and most far-sighted parents rush to open an RESP for their offspring when they leave the hospital, the newborn in their arms. But what should they do when their paths diverge? Posted at 6:30 a.m.It would be heartbreaking if ex-lovers who had been responsible by accumulating thousands of dollars in a registered education savings plan (RESP) were suddenly being negligent. That would, in fact, be reckless!Very often, parents who leave each other on good terms are tempted to do nothing. Everyone will continue to contribute their share to the RESP, as in the good ol...