SAVE FOR YOUR CHILD’S EDUCATION AND FUTURE THROUGH AN RESP
Kids grow up so fast, and before you know it, college (and tuition fees) are right around the corner. Our experienced team will help develop an education savings portfolio for your kids that grows as quick as they do.
Start with a Registered Education Savings Plan (RESP). An RESP is a government-approved plan to help you save for your child’s post-secondary education to a maximum of $50,000. Income earned within the plan is not taxed until it's withdrawn.
The 2019 RESP contribution deadline is December 31, and you have an opportunity to boost your annual savings by up to 20% through the Government of Canada’s Canadian Education Savings Grant and Canada Learning Bond programs.
?Did You Know
The Government of Canada has 2 programs available to support your child's future education?
The Canada Learning Bond of $500 can help you start saving now for your child's post-secondary education.
The Canada Education Savings Grant can match 20% of the first $2,500 of RESP contributions each year.