Get Government Grants
With the Canada Education Savings Grant (CESG), the government matches 20% of your contributions, up to $500 per year. It’s free money to boost your savings.
Tax-Sheltered Growth
Your investments within an RESP grow completely tax-free. This allows your savings to compound faster over time, leading to a much larger nest egg.
Smart Tax Savings
When the money is withdrawn for education, it’s taxed in the student’s hands, who typically have a very low income, meaning little to no tax is paid.
Virtual Education Savings Meeting
We’ll recommend a professionally constructed Registered Education Savings Plan (RESP) portfolio tailored to your timeline. RESPs offer an effective way to maximize the money available to your children or grandchildren when they enroll in a full-time post-secondary program. Withdrawals are taxed in the hands of the student, typically at a lower rate. And anyone, parents, grandparents, other family members and friends, can open an RESP for a child.
- How much will a college education cost when your child turns 18?
- When should you start making your investments safer?
- Is there a penalty for over-contributing to an RESP?
- How much should you contribute each year?
- How much can you contribute to a RESP?
- What if your child gets a scholarship?
- What government grants are offered?
- What investments should you own?