When you go to a bank to open a savings account, you may be well served or badly served.
See my post called MD PLUS.
I recently spent a number of hours on the phone and online filling out a form for a partial transfer out of an RESP, only to be contacted by the RESP manager to say that I couldn't do the transfer. Why, do you ask, did I waste my time. Because when I asked the RESP manager, he said he didn't know, and referred me to "the website" to find the correct forms. Arghh!!!
Why it is so difficult to find this link I will never know. If you are with Royal Bank, all of the mutual funds and ETFs available to you are at rbcgam.com.
If you are opening an RESP, be careful that they explain the limits. If you can't buy all products, ask why. GICs are still offered first, when it's ludicrous for anyone to be investing at 0.0%!
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