I hate to say it but summer is going to be over next month, not that this has felt like a traditional summer. But before the days really start to cool off, we will be helping our kids and grandkids get ready for their return to college and university. Bags to be packed and furniture to be moved, and before the truck is loaded there will be bills to pay. This is the time of year when we look to the Registered Education Savings Plans (or RESPs) for the funds required to make these payments.

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The Registered Retirement Savings Plan, or RRSP, is celebrating its 60^th birthday this year. When they started the amount of foreign content an investor could have in their RRSP was just 10%.  In 1994, that limit was raised to 20% and it was lifted to 30% in 2001.  These limits were absurd given that Canada’s share of the global equity market at the time was less than 5%, but in 2005 the federal government eliminated the foreign content rule entirely.

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