6 – RESPs and Debt – Mike Davies, Barton Goth, Ted Michalos

On today’s show we have three guests.  Mike Davies is a financial planners with IPC Investment Corporation in Brantford, and he explains the RESP rules, including how much you can contribute.

In the second segment Barton Goth, a bankruptcy trustee based in Edmonton, Alberta, explains what happens to an RESP if you go bankrupt.  Alberta has different rules than Ontario, and we discuss the differences.

In the bonus segment Ted Michalos, co-founder of Hoyes Michalos, gives his opinion on how the federal government should change the rules to make the RESP rules consistent across Canada.