RESP plan for your child’s future
We all dream of educating our children from the best university for their higher studies. Responsibilities grow with each day as time passes by. And before we know it, the time to turn those dreams into reality arrives. RESP, is a registered education savings plan that helps you save for a child’s post-secondary education. To encourage education savings the government of Canada and some provincial government provide annual grants based on how much you contribute to your child’s RESP.
RESP is the most precious gift you could offer to your children: the possibility to pursue a career of their dreams. Based on your family income, you could also be eligible for an additional grant. And your investments, grants and interest grow tax free until withdrawal.