An RESP is an education savings account that is registered with the Government of Canada.
Build up a tax-sheltered fund to finance a child’s post secondary education. A Registered Education Savings Plan (RESP) is the ideal financial vehicle to meet the job market’s education requirements and help you defray mounting education costs.
There is no minimum annual contribution. In addition you can contribute through automatic monthly payments or fixed amounts.
When your kid is ready to start post secondary studies, beneficiaries will receive their educational assistance payments to support them in their future success.
We have a plan which can pay you an education bonus of up to 15% of the total monthly contributions paid into the RESP. The bonus varies according to the beneficiary’s age at the time of enrollment.
Take advantage of the RESP loan to increase your contributions. Invest now in their future!