countdown boutiques-francophones Learn more vpcflyout Furniture All-New Kindle sports tools

Customer Reviews

4.7 out of 5 stars
4.7 out of 5 stars
Your rating(Clear)Rate this item

There was a problem filtering reviews right now. Please try again later.

on July 23, 2015
Really good read I like this book. I typically try to read one financial book a year. I’m satisfied I picked this one.
Admittedly I never knew a lot about RESPs prior to reading this book. I had just heard “Things” mostly from people who didn’t know either. Always best to get information from the experts.
It wasn’t too terribly hard to understand. Of course those with good financial literacy will take to the information quicker. However if you don’t have a lot of financial literacy you can still get the information from this book it might take a little longer that’s all. It’s not rocket science that’s for sure.
We were able to develop a good investment strategy that works for us. We also have a good exit plan and a good backup plan is our son doesn’t go to college or university.
We’ve been taking advantage of the governments matching of RESP contributions. It’s about $42 dollars a month for your $210 contribution (Up to lifetime max up to 7/8K something like that). That’s about the max you can get per year.
The book more than paid for itself in the first month.
11 comment| One person found this helpful. Was this review helpful to you?YesNoReport abuse
on November 2, 2010
Mike Holman has done us all a favour by offering us The RESP Book: The Complete Guide to Registered Education Savings Plans for Canadians. The book offers detailed information on how to go about setting up an RESP account, from choosing a financial institution to whether or not to use a professional investment advisor. He goes over what to watch out for in terms of fees, as well as basic investing tips like how to set an asset allocation.

There are a lot of rules to be aware of when you're setting up, managing and getting ready to withdraw your money from an RESP, and Mike has answered just about every question you might have. At 118 pages, this book won't take you long to read, but it's absolutely full of detailed information that's pretty hard to remember from year to year. It's greatest value may lie in its usefulness as a reference manual. You can turn to it a couple of times a year to quickly refresh your memory on the ins and outs of saving for your child's education.

I could have found this information on the government's website, but frankly, it's not always written in an easy-to-understand way. The RESP Book is. There are lots of different examples and specific case studies so that you can really get a grip on how the RESP rules work. If you have an RESP or plan on setting one up, this book is required reading.
0Comment|Was this review helpful to you?YesNoReport abuse
on February 19, 2014
This is about 137 pages, with close to 37 of those pages being blank pages or just chapter headings, and a lot of space wasting throughout. Considering the length of the book, it seems fairly costly.

That said, this book offers tips that could save you thousands of dollars in the long run. Besides covering the basics of why you should (or shouldn't) start an RESP and how to go about opening the account, Holman explains the ins and outs of contributions and grants, and briefly introduces concepts such as the investment time horizon and investor comfort levels. Possibly the best section, Holman also explains how to get the most out of the RESP if the beneficiary does not go to post-secondary.

The book also includes a chapter each for additional programs available to Alberta, Quebec, and low-income families.
0Comment|Was this review helpful to you?YesNoReport abuse
on October 19, 2010
As a new mom of a 6-month-old, I knew that it was important to start a RESP for my baby, but was unsure about where to begin. This book was exactly what I was looking for as it is written specifically for Canadians. In short, the book provides a concise, comprehensive look at RESPs with specific and detailed examples of help to a novice or sophisticated investor.

I had dreaded flipping through a thick, complicated, textbook-style manual on financial investing and was very happy to find a book written in such a concise, easy-to-read style. I also really appreciated that Mike Holman is not afraid to give his opinion about such things as group plans or situations when a RESP is not advisable.

I would highly recommend this book to anyone, most especially first-time parents!
0Comment|Was this review helpful to you?YesNoReport abuse
on September 22, 2013
This was a very well laid out book and a very easy make it even more useful the author supplied a summary of each chapter.There were very important issues raised that all of us who have these financial instruments need to know and even tho' I had researched the subject I still got valuable info .
0Comment|Was this review helpful to you?YesNoReport abuse
on March 24, 2013
This book is an excellent resource for any parent (or any Canadian) opening a RESP for a child or family. Mike does a superb job summarizing the ins & outs of opening, contributing and withdrawing from RESPs, including the tax implications and investment options. I highly recommend this book!
0Comment|Was this review helpful to you?YesNoReport abuse
on January 3, 2013
If you have kids or plan on having some in the near future I highly recommend you read this book. You will understand exactly how the RESP works and be able to fully take advantage of it. The book is easy to read and understand. The price of the book is worth it for sure.
0Comment|Was this review helpful to you?YesNoReport abuse
on February 25, 2012
An up-to-date guide to RESP's for Canadians, I found it very helpful. I don't know very much about investing or saving and this book breaks down the different types of RESP's and their pros and cons in an easy to understand way. Definitely worth getting for new parents.
0Comment|Was this review helpful to you?YesNoReport abuse
on July 23, 2013
I just finished reading The RESP Book. It takes a complicated matter and simplifies it in a very user-friendly way. I had spent days Googling RESPs and still felt lost. This book clarified everything in 2 hours!!
0Comment|Was this review helpful to you?YesNoReport abuse
on December 28, 2015
Does the book give a current info on the RESP rules/legislation?
Does it give an insight on the TYPE of eligable RESP studies (fuul time, part time, overseas studies, etc)?
0Comment|Was this review helpful to you?YesNoReport abuse