Fingers crossed, universities and colleges will be opening their doors to students starting this fall. 

As parents and students are getting their planning underway, I have received some questions about RESP withdrawals.  Specifically, what is the best way to tax-efficiently withdraw funds from an RESP account?

In this episode I explain the different components of an RESP, how each of them are taxed, and a strategy for using up your student's low income tax brackets to make withdrawals from an RESP.

Detailed blog and links will be available this week at www.walhoutfinancial.ca/podcast

Thanks for listening,

Mark