TFSA or RESP? This document compares a Tax-Free Savings Account (TFSA) and Registered Education Savings Plan (RESP) by outlining assumptions of an annual 6.5% investment return and lump sum contributions made on January 1 each year to determine the maximum final value and flexibility of each account.

1. 1TFSA or RESP?Maximum final value with most flexibilityAssumptions: Investment Return 6.5%Lump sum annual contributions on January 1 of each year.