The Globe and Mail
May 1, 2025.
Andrew Feindel, Senior Wealth Advisor at Richardson Wealth, shares how he helps clients explore options beyond RESPs — from structuring gifts and trusts to using the Lifelong Learning Plan (LLP).
“Families with more funds to spare can explore creating an educational trust with the help of their advisor,” he says. These structures can “result in significant tax savings for the family” by using children’s lower income brackets.
For mid-career professionals, the LLP “may be more costly than using cash or even taking out a loan,” so it’s crucial to consider the opportunity cost and return on investment carefully.
