Magdelaine, who is 68 years old, and Mannie, who is 66 years old, are married. The couple would like to set aside funds for their 3-year old grandson's education. Since they lack the time, knowledge and inclination for any sophisticated strategies, they are only interested in a basic education savings program that requires little in the way of management. They anticipate their grandson will begin post-secondary school in approximately 15 years. If they can contribute $3,000 annually towards this goal, what savings vehicle would BEST suit the needs of Magdelaine and Mannie? 

a) TFSA 

 b) RESP 

c) family trust 

 d) universal life insurance

Answer rating: 100% (QA)

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