The earnings on the investment stay within the plan and is shared by children who become eligible to receive payments.If the earnings boost from forfeited income were much larger than the total fees, you would benefit from a Group RESP. Lack of Flexibility: For most people, saving for their child’s education should have a lower priority than saving for their retirement or paying down their mortgage.
It is extremely difficult to say how much the fees add up to and since it is not obvious, you have to assume that you will be left with more if you invest on your own.
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You will also pay depository charges, administration fees, trustee fees, custodian fess and investment fees.
These fees alone (excluding the enrolment fee) add up to more than 0.60% of total assets. When a contributor withdraws from a group plan, only the initial investment (less enrolment fee) is returned.