Lulu39

• Does it cost anything to open an RESP?
  
• Once I have opened an RESP, will I have to pay any fees? If so, what are they for and how much will I have to pay?
  
• Do I have to put in a minimum amount of money into an RESP?
  
• Do I have to make regular payments?
  
• What happens if I cannot make regular payments?
  
• What are my investment choices? What are the benefits of each choice?
  Can the value of my investment go down?
  
• Can I withdraw money if I need it? Are there any fees or penalties for withdrawing money early?
  
• Can I transfer the RESP to another person, or to another RESP provider? What is the cost to transfer?
  
• What will happen to my savings in the RESP if the recipient of the RESP does not continue his or her education after high school?
  
• Does the RESP provider limit the types of qualified educational programs that I can use my RESP for?
  
• What happens if I close my RESP early?
  
• What if my child decides to go to school part-time?