The RESP is still one of the best vehicles to fund a post-secondary education, yet many parents are not taking full advantage of it.  This is free money from the government, and sheltered growth of your savings until your child needs it.  When it's withdrawn in the hands of the child, it is likely all the growth will remain tax free.  We put $200 month away from birth to age 15, and have enough to fund four years of school for our grade 12 child. Yes, that's a lot of money each month, but it's cheaper than trying to find $20K a year now.