Where Do You Open Your RESP
Ok, my husband and I are hoping to have an RESP for our children.
We talked to someone in RBC today, which in my opinion did not help that much.
So, for those of you who has RESP and know a lot about it, please share.
1. Where do you open your RESP? Banks, credit unions? Pros and cons of it. Any fees?
2. 4 children- individual or family plan?
Say, in a family plan, child A needs more more money from RESP. Can he 'dip in' his siblings fund? Wouldn't that be unfair? How do you set the portion for each child under family plan?
3. Let's say we open 4 individual plans for 4 kids (easier to manage each one's funds). Can we later on open a family plan?
Thanks so much in advance!