How RESP Tax Deferral Works

So you're actually deferring taxes and you're actually transferring or distributing the taxes. Ideally, if the child does use it, the government's next incentive is to defer the taxes to be taxed in the hands of the child, which in theory should be they're not working and therefore they're not going to get taxed. This is the part that I want to tie back to our opening segment when we talked about is that really true? Now, the next thing is so money is going in and it is getting housed in a location, and that location is what is being a portfolio. Not going to critique the the merits on what's better from there, but just the general process that money is going into a storage location where you'll get market gains, market losses, interest income and any forms of that. Now, this is also growing for you, in a sense of what's called tax free.