Enjoy the benefits of an RESP
- Grow your money – Because your RESP is tax-deferred, your earnings will be tax sheltered until the child withdraws them for education.
- Anyone can benefit – Niece, nephew, child of a friend, or your own child – you can help make their future educational dreams a reality.
- Set up automatic deposits, to make saving easy and convenient.
- When funds are withdrawn for education, they are taxed in the hands of the student, who is usually in a lower tax bracket.
- Benefit from the Canada Education Savings Grant – The federal government will contribute up to a lifetime maximum of $7,200 to your child's plan.
- The Canada Learning Bond (CLB) provides an additional lifetime grant of up to $2,000 per child for qualifying families.
Ready to save for the future?
Contact us to set up your child's RESP today!
Whether you're an investing expert or a total beginner, our team will help you maximize your child's education savings.
Our RESP Calculator will help you figure out how much you can set aside before the child starts school, and how government grants will help your savings.
