All you have to think about is making your contributions and you can leave the rest to us.
An RESP is a great way to invest in a child’s future. It’s a tax deferred investment plan that allows you to save for a child's post secondary education. Whether it’s for your own child or a grandchild, niece or nephew, it’s never too late to open one. All you need is the child’s social insurance number. You can set up an individual plan for one child or a family plan for multiple children.
What’s more, under the Canada Education Savings Grant (CESG), the federal government will top up your annual contribution when it is greater than $500 by 20% to a maximum of $500 each year per child to a lifetime maximum of $7,200. In order to benefit from the CESG this year, the deadline for making a contribution is December 31st.
We can manage the CESG for you. All you have to think about is making your contributions and you can leave the rest to us. You’ll have peace of mind knowing that as tuition costs continue to rise, your savings continue to grow.
For more information on RESPs
Click here for more information. If you would like to speak with a financial Coach about opening an RESP or contributing to an existing RESP, please visit your local branch or call us toll-free at 1.866.592.2226.
