How old is your kid?
Four. Almost five
So you've left about $2,500 in government grants on the table.
What do you mean?
There's an account called RESP. You put money in, Canada adds 20% on top. Plus $500 a year if your income is low.
Your kid's friend's parents opened one at birth. Four years of free money. Yours got zero.
I'll start when they're older
The grant maxes out at $7,200 per child. Every year you wait, that number gets harder to hit.
Why didn't my bank tell me this?
In 5 emails I'll show you exactly how it works, how much to put in, and how much you've already missed.
Tell me about the money for my kids
Tomorrow: how much free money Canada gives you for every dollar you save for your kids. And how much you've already lost.
Music: Gymnopédie No. 1 — Erik Satie, performed by Luis Kolodin (Piano) · CC BY-SA 4.0
opened it 2 years ago and the gov has already added $3,400 on top of mine. literally free money