Quote:
Originally Posted by DoubleF
I know. But we went in a total of 4 times for RESP set up/issues. 3 were screw ups, the 4th time we couldn't do the family RESP because apparently they wanted all sorts of additional documentation all over again to do it from scratch that we did not have on hand at that meeting and it was not on the list of documents they asked us to bring.
I'm not giving them a chance to mess up the government matching and whatever stuff which they actually almost did until the more senior advisor on the 4th visit sorted it out to a passable scenario of siloed RESP.
The first advisor actually said we didn't want or need a family RESP which is how the issues started in the first place. Then I or my wife could not contribute to the RESP because we were not connected to them or authorized on them. Then the senior advisor actually spent half an hour to 45 mins trying to talk us out of the family RESP. It was odd.
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You can set it up yourself on Wealthsimple in about 2 minutes and they handle all of the grants. Dead simple.
Student loans may be interest free now, but the ability to not have to worry about money (as much) when pursuing your education and not starting your young adult life in a pile of debt is such a leg up if you have the means.