The RESP Reality Check: What Every Canadian Parent Needs to Know This Year

Book a FREE consultation with me here: https://calendly.com/bee-lee/discover... Most Canadian parents assume OSAP will help cover university costs when the time comes. But with major OSAP changes taking effect in Fall 2026 and education costs continuing to rise, relying on student aid alone could leave families facing a much larger financial burden than expected. In this video, I break down how RESPs work, how to maximize the Canada Education Savings Grant (CESG), and the funding strategies Canadian families can use to help prepare for future education costs. We also discuss the recent Ontario OSAP changes, RESP contribution limits, tax-deferred growth, income splitting opportunities, enhanced CESG benefits for eligible families, and how education planning may need to extend beyond the RESP itself. You'll learn the advantages and disadvantages of lump-sum RESP contributions, annual contribution strategies, hybrid funding approaches, and how the $50,000 RESP contribution cap may impact long-term education planning for today's children and grandchildren. Whether you're a new parent, grandparent, or already contributing to an RESP, understanding these rules could help you make more informed decisions and maximize the government grants available to your family. In this video: • RESP explained • RESP contribution strategies • Canada Education Savings Grant (CESG) • RESP grants Canada • OSAP changes 2026 • University costs in Canada • Education planning Canada • RESP investing strategies • RESP contribution limits • Tax-free education savings • Financial planning for parents • Grandparent RESP strategies • Saving for university Canada • Education funding strategies • Canadian family finances If you'd like help building an education savings strategy for your family, book a call using the link above. #resp #cesg #osap #educationplanning #canadianfinance #savingforcollege #universityfund #financialplanning #personalfinance #parents #canadaeducation #wealthmanagement #investing #moneytips #studentloans #collegefund #familyfinance #educationfund #canadianparents #financialliteracy