4 Steps to Secure Your Child's Financial Future in Canada

Readiness Tool for Home Buyers: https://home.growwithnav.com/ How are we simplifying finances:    • Why We’re Selling Our Rental Properties?   RESP full video -    • The Ultimate RESP Guide for New Parents   Looking for the best Mortgage rate? 📞 Book a 1-on-1 call → https://www.growwithnav.com/book-a-call 🚀 Watch the First time home buyer masterclass - https://www.growwithnav.com/freeclass 🌱 Join my Inner circle → https://www.growwithnav.com/grownation 🧠 Free weekly Newsletter → https://www.growwithnav.com/free-news... 📊Resources: https://www.growwithnav.com/5amclub 🎥 What This Video is About: Are you investing for your child's future the right way? In this episode of Kitchen Table Conversations, we break down exactly how we're planning our son's financial future in Canada—and why it may be much simpler than you think. We discuss whether an RESP alone is enough, how the Canadian government grant (CESG) works, why we invest in ETFs like VFV and Nasdaq 100, and whether it ever makes sense to front-load an RESP with $50,000. We also cover estate planning, wills, term life insurance, TFSA strategies, and what happens if your child never uses their RESP. If you're a parent, expecting a child, or simply want to build generational wealth the smart way, this video will help you understand the pros, cons, and real-world trade-offs of planning for your child's education and financial future. In this video: RESP explained in simple terms How the CESG government grant works Should you front-load an RESP? RESP vs TFSA: Which is better? Investing for your child's future with ETFs What happens if your child doesn't use their RESP? Wills, estate planning & term life insurance Simplifying wealth transfer for the next generation Our personal investing strategy for our son 🏡 Grow With Nav is not just a channel — it's a movement. I’m a licensed mortgage agent (Indi Mortgage, FSRA#12403) helping first-time buyers retire early, build net worth, and become mortgage-free smarter and faster. Every video is a blend of storytelling, financial truth, and actionable strategy. 00:00 Preview 00:37 Investing for Our Child’s Future 00:55 Why RESP Is Enough for Most Parents 02:15 Estate Planning for Your Child’s Future 02:43 Our RESP Investing Strategy 04:12 RESP Grants, Growth & Limits Explained 05:02 Should You Front-Load an RESP? 06:17 Wills, Insurance & Trust Accounts 08:02 Why We Didn’t frontload $50,000 Into RESP 09:31 What If Your Child Doesn’t Use RESP? 11:52 Using RESP for Tuition & Living Expenses 13:46 RESP vs TFSA for Kids 15:43 Final Recap