RESP for Baby

Before Baby was born we already research how we are going to invest for her.  We had money from our wedding and we decided to invest that for baby (although we have to hold it in Trust for her until she's older and pay the taxes on the gains as well).

Also, we research RESP investment options.  Originally we thought about setting up a RESP account at BMO so that we can ask everyone to put money towards her education instead of buying her gifts.  BMO doesn't have a minimum limit like a lot of RESP accounts do.  Then grandpa said he was going to give her $100 every month towards her RESP.  And we were going to get $100 a month from Universal Child Benefit.  With these two regular monthly amounts, we thought we set up a regular RESP contribution for her through our insurance company's RESP programs. 

Through this program, they apply for the government matches, invest the money, and match our contributions by 15%.  This will be a nice little sum for her to add to our other investments for her for her education when she's older.