Registered Education Savings Plan
A post-secondary education is one of the most important gifts you can provide to a child. Not only does it provide better career opportunities and self-confidence, it has far reaching economic benefits as well.
Yet few families can afford the often exorbitant education and living expense costs of higher education. You will likely need a sound strategy for paying for your loved ones’ education at some point down the road.
A Registered Education Savings Plan, RESP, allows family and friends to contribute towards a child’s education. The Canadian government will match 20% of your contributions to a maximum of $500 a year. The money in the plan grows tax-sheltered and the withdrawals are taxed in the hands of the beneficiary. A win win for everyone.
Call us at (866)826-7903 to set up an appointment today or complete the form below.