Maximize Education Savings With the Proper RESP.
Registered Education Savings Plans (RESP)
With the help of an RESP you, as a parent, friend or family member, can start putting aside monA Registered Education Savings Plan is a tax advantaged investment program created by the government to encourage saving for education. Your contributions can grow surprisingly quickly because it is tax sheltered and the Government of Canada offers the Canada Education Savings Grant. In order to set up an RESP account the plan beneficiary must have a Social Insurance Number and you must choose and RESP provider that best suits your needs.
There is a large variation between plan minimum contributions, fund selections and general rules of the RESP program from one provider to the next. Our team of advisors will help you to determine the RESP provider and plan that is best suited to your needs. Some of the largest RESP providers in Canada offer the most restrictive plans. Our knowledge of the RESP market place allows us to recommend the RESP program that is most beneficial to you and your family.
