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What would be better, to invest the maximum RESP lifetime contribution per child once the child is born and collecting one grant payment over 18years,

  1. What would be better, to invest the maximum RESP lifetime contribution per child once the child is born and collecting one grant payment over 18years, or to invest $4,000 per year for the next 18 years and collecting $400 CESG per year. Both options would be invested with a growth rate of 8%.

    a) Investing the maximum RESP lifetime contribution.

    b) Investing $4,000 per year for next 18 years.

    c) It depends on which school the child will attend.

    d) It does not matter which one.

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