Is there such thing as a 'fee-free' RESP?

No matter where you decide to open an RESP, there is going to be a cost to you. Depending upon the type of investments held, sometimes that cost is called a fee, and other times it’s a ‘Management Expense Ratio’ (MER).

If you have anyone telling you that they have an RESP for you at no cost (or ‘no fees’), unfortunately, it’s simply not true. Make sure that you do your research and ask your provider about their fees.

Back to FAQs