🎙️💵 THE TAX AND MONEY SHOW — EPISODE 124
🚨 TONIGHT: RESPs ARE A SCAM! 🚫🏫💸
Kevin J. Johnston is Canada's #1 tax expert, and tonight he's taking a hard look at one of Canada's most heavily promoted education savings programs: the Registered Education Savings Plan — the RESP.
🇨🇦 Parents are told to start an #RESP, put away their #Money and prepare for their children's education. But do you actually know the rules governing that money? What happens if your child doesn't pursue qualifying post-secondary education? Who gets the government grants? What happens to the investment earnings? And what taxes and penalties could potentially apply when money comes back out? 📉💰
🔥 Tonight, Kevin breaks down the good, the bad and the ugly of RESPs and explains why he believes Canadians need to think very carefully before assuming an RESP is automatically the best way to save for their children's future.
💡 Your money. Your children. Your future. Know the rules BEFORE you hand over the cash.
📺 THE TAX AND MONEY SHOW
LIVE every Tuesday at 9:00 p.m. Eastern Time
🌐 WATCH THE SHOW & Subscribe: www.TheTaxAndMoneyShow.com
🌐 KEVIN J. JOHNSTON'S OFFICIAL WEBSITE: www.KevinJJohnston.com
🎵 TIKTOK: @RealKevinJJohnston
𝕏 X / TWITTER: @KJJTax
