Suggest best place to open RRSP and RESP.

[macwhitby]

Suggest best place to open RRSP and RESP. What kind of options are there ? I do not want to waste lot of money on monthly fees or as commissions. Kindly advise ASAP.

 

[Investocrat]

Here are a couple suggestions to save money in fees and probably boost your long term returns (after accounting for savings in fees):

High Interest TFSA:
https://www.savvynewcanadians.com/tangerine-bank-review-no-fee-daily-banking/

Index Funds to Build a RRSP or RESP portfolio:
OPTION 1: https://www.savvynewcanadians.com/review-of-tangerine-investment-funds/

OPTION 2: https://www.savvynewcanadians.com/sample-td-e-series-portfolio-updated-2018/

Robo-Advisor Option (totally hands off):
https://www.savvynewcanadians.com/guide-to-robo-advisors-canada-and-comparison/

Many of the robo-advisors in the link above also offer a free 1 year with zero fees.

All these options will save you in fees at 1% or less per annum, compared to as high as 2.35% for the traditional mutual funds offered by big banks.

Cheers.