What is the difference between an RRSP and an RESP?

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asked Dec 16, 2022 40.3k views

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Vasile Radeanu · Answer 1 · 2022-12-22T09:47:07+0000

Answer:

RRSP is an acronym for “registered retirement savings plan” and, naturally is all about saving for when you're old. RESP stands for “registered education savings plan” and provides a great way to sock money away for your child's university education.

Explanation:

What is the difference between an RRSP and an RESP?

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