Really need RESP help, please!
Alright,
I think I jumped the gun here. I have signed up with Heritage Education funds but can still back out. I thought it was a great idea because it was easy and the interest rates seemed excellent but now I'm thinking that it might not be the best idea. My son is 2 and I want to maximise the amount of money I get in grants from the gov. I also bank with pc so they don't offer RESPs so I'd have to go looking at another institution. The plan does have hefty fees over the long term but they are returned to you at maturation (18 yrs) but you lose them if you back out before then. I am so confused and just want a simple way to take advantage of this money that the gov is giving out.
Does anyone also have experience with Heritage Education Funds? I'm finding some people online who are not so happy with the plan.
Aaarrggh!