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Peter Lewis

RESP Expert

Peter Lewis is Vice President, Regulatory and Corporate Affairs at C.S.T. Consultants Inc. He is recognized as an expert with respect to education savings plans in Canada, and has addressed several parliamentary and senate committees on the important role RESPs play in improving access to higher education. As a proud father of seven children, three of which are currently in university, Peter has personal experience in the importance of saving for post-secondary education.
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Your Personal RESP Checklist Before Year-End

It's hard to believe 2014 is almost over. While many parents are busy wrapping presents, trimming the tree and visiting family this December, it's important to remember to do an annual check-up on one of your most important investments: your child's Registered Education Savings Plan (RESP).
12/18/2014 11:49 EST

Education Costs Just Keep Rising, So Start an RESP for Your Kids Now

It's no secret that Canadian students are stressed out financially. Many graduates are taking on a significant level of student debt. Recent numbers from the Canada Student Loans Program reveal that in 2012-2013, 472,000 full-time students and 9,600 part-time students took out $2.6 billion in loans from the federal government. Between 2005 and 2012 alone, Statistics Canada also reported that student debt grew by 24 per cent. All of this reminds us that saving early for university or college should be a top priority for new parents if they want to help set their kids up for the greatest potential success.
09/13/2014 10:55 EDT

Skip the Back-to-School Gadgets and Invest in Your Kid's Future

Yes, folks, back-to-school season is here. And with it comes a frenzy of shopping. This year, however, may be a little bit different. Almost half of Canadian parents say they expect to spend less than $200 on back-to-school items, with one-third of moms saying they plan to spend less than $100. So where are parents' priorities shifting to? Their children's future.
08/27/2014 05:50 EDT
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Four Reasons To Do Something Boring With Your Tax Refund

Investing in an RESP early on can give you peace of mind knowing that money is there to help fund your child's education. The earlier you start, the more your savings can benefit from the power of compounding. If you start investing $210 every month for your newborn, their RESP could be worth as much as $30,743 more than if you start when your child is five.
05/02/2014 06:42 EDT

Save Your Retirement By Saving For Your Child's Education

There are many different ways to invest the money inside your RESP. As a parent, my rule was simple: I did not want to take any significant risks with the money I was saving for my children's learning. I was satisfied with receiving the 20 per cent government grant, and a modest return on my money. For me, it was more important that the money be there when I needed it.
02/20/2014 05:14 EST