A great option to help save for your child’s futures is to look into is an Registered Education Savings Plan (RESP).
RESPs also allow you to access other government savings programs, like the Canadian Learning Bond and the Canadian Education Savings Grant. All totaled, these programs can add up to $4,500 in savings, with a contribution of $500 (or $2,000 if you contribute nothing). Contributions can be made by anyone, including friends and familya nd you can set up an RESP at your financial institution.
If you want to start the conversation around RESPs, SmartSaver if the place to start.