Your investing questions, our clear answers.

Our response:

You may open an RESP in any province in Canada. You will need your social insurance number to open an RESP. Your child or other beneficiaries will also need social insurance numbers and must be Canadian residents. Take a look at these 6 steps to opening an RESP.

Some provinces offer grants or incentives in addition to federal programs. To qualify for provincial programs, you must meet certain requirements like residency in the province. If such a program exists in your province, we recommend you review the program eligibility requirements and whether you and your children meet them.