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On Tuesday, the Liberal Party introduced a new Canada Learning Passport, which would pay $1,000 per year to high-school students who have an RESP account.

Moe Doiron/Moe Doiron/The Globe and Mail

Most Canadians know that registered education savings plans are a great way to save for a child's post-secondary education. But despite their popularity, many people are still confused about how RESPs actually work.

Our recent articles on RESPs - A primer on how to withdraw from RESPs and Are you getting the most out of your RESP? - triggered a flood of questions from readers.

Mike Holman, the author of The RESP Book and a Toronto father of two who writes the Money Smarts blog, recently published a Kindle e-book called "How To Withdraw From Your RESP Account Whether Your Child Goes To School or Not." You can read an excerpt from that book here.

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Mr. Holman was here to answer your RESP questions. To read a transcript of the discussion, click on the box below.

Click here for a mobile-friendly version.



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