Just set one up for my baby girl through CIBC managed portfolios. Put in $2500 a year (208.33/month) and the government matches 20%. If your kid doesn't use it the government gets their money back and a school you identify when you set it up gets the interest on the government portion. Whoever takes the money out (you or your kid) will be taxed on the interest, but students typically pay little to no tax.
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