My daughter is 9 months old now and I am considering starting an RESP for her. I think I don't want one of those pooled ones, given all the horror stories I've heard, and would be happy going with a self-directed RESP, knowing that there is risk in that too.
Here's an article I did read which seems to have a bit of helpful info:
http://www.theglobeandmail.com/globe...rticle4509952/
I already got her a Social Insurance Number. I and my wife have our own RRSP accounts with various institutions, and I suppose it might be easier to use the same discount brokerages for an RESP. However, is there anything else I should look for, or look out for, specifically for RESPs? I can max out the $2500 per year, esp. this year since friends and family gave us several hundred already to get things started.
Here's an article I did read which seems to have a bit of helpful info:
http://www.theglobeandmail.com/globe...rticle4509952/
I already got her a Social Insurance Number. I and my wife have our own RRSP accounts with various institutions, and I suppose it might be easier to use the same discount brokerages for an RESP. However, is there anything else I should look for, or look out for, specifically for RESPs? I can max out the $2500 per year, esp. this year since friends and family gave us several hundred already to get things started.