For those looking to save for a child’s future education, a Registered Education Savings Plan (RESP) is a great option. This plan allows anyone to contribute and in some provinces, the government will match up to 20% of contributions. This means that for every dollar invested, an extra 20 cents will be added by the government. RESP savings can also be invested in various options, such as mutual funds, stocks, and bonds, to help grow the savings over time. It’s a smart way to invest in a child’s future education.