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Invest appropriate to your time horizon There are many types of investment products that can be held in an RESP, including equity, balanced and bond mutual funds and GICs as well as cash savings. The longer the time horizon, the better the investor is able to cope with the day-to-day market noise or volatility. However, you will generally pay tax on the full amount of withdrawals from your RRSP. Family Office Services are not fiduciary services and are not subject to the Investment Advisers Act of or the rules promulgated thereunder. To qualify, the beneficiary must: Be a Canadian resident.