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RESPs explained: How to maximize your post-secondary savings

September 2025

Finance Friday

Finance Friday returns for Season 17 with FirstOntario’s Chief Risk Officer, Mark Perkins, joining CHCH Morning Live to break down the essentials of post-secondary savings and Registered Education Savings Plan (RESP) withdrawals.

In this episode, we cover:

  • The difference between Post-Secondary Education (PSE) payment and Education Assistance Payment (EAP)
  • Tax implications of RESP withdrawals
  • Strategies for full-time and part-time students
  • What happens if your child doesn’t pursue post-secondary education
  • How RESP funds can be used beyond tuition

Whether you’re preparing for your child’s education or navigating RESP decisions yourself, this episode offers practical advice to help you make the most of your savings.

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