A child’s post-secondary aspirations or program, their scholarship entitlement, or the performance of an RESP account’s investments could lead to an excess balance in the account.

Source: https://www.moneysense.ca/columns/ask-a-planner/what-to-do-when-you-have-insufficient-or-unused-resp-funds/

Robo-advisors automatically split up the assets in your robo account (again, it could be an RRSP, RESP, TFSA or other account type) into various ETFs based on your risk tolerance and goals.

Source: https://www.moneysense.ca/save/investing/best-robo-advisors-in-canada/

She has made her daughter a priority by contributing $75 per month to an RESP and accumulating $8,000 towards her post-secondary education.

Source: https://www.thestar.com/business/personal_finance/2023/05/28/single-mom-adelaide-has-22k-in-line-of-credit-debt-and-has-now-learned-how-to-dig-her-way-out.html

That’s the top-level strategy, but there are other planner-approved tips to help you maximize your RESP savings and returns.

Source: https://www.moneysense.ca/save/student-money-guide/

You can open a tax-free savings account (TFSA)registered retirement savings plan (RRSP), registered education savings plan (RESP), locked-in retirement account (LIRA) among others, which are all registered accounts.

Source: https://www.moneysense.ca/save/investing/etfs/how-to-build-an-all-etf-portfolio/