RESP

Registered Education Savings Plan

Registered Education Savings Plan helps your child to accomplish education goals from a financial perspective. RESP encourages parents and grandparents to save for their child’s education with flexibility . We are all well aware that education costs post-secondary can be expensive. So RESP is one of the tools to save for the apparent future expense. As a reward, the federal government gives grants to those who take the initiative. The maximum grant from the Gov’t could be up to 40% of your contributions and a lifetime maximum of $7200 per child. To support low-income families, Gov’t gives another $2000 as Canada Learning Bond. No contribution is required to claim Canada Learning Bond, known as CLB. Open an RESP for your Child with a valid SIN number. Every situation would be different-to know more, feel free to contact Pankaj Bhatia at +1-647-640-2222.

Registered Education savings plan gives you the opportunity to save money for your child’s post secondary education cost. Inflation in Canadian education is very high. Canadian Government understands the importance of this and gives incentives to the parents who take a proactive approach and set up this education savings plans. As a parent you can claim up to $9200 Gov’t grants. To start RESP for your child today, contact us.

Registered Education savings plan gives you the opportunity to save money for your childs’ education cost which occurs after post secondary. Inflation in  Canadian education is very high. Canadian Government understands the importance of this and gives incentives to the parents who take a proactive approach and set up Education savings plans. As a parent you can claim upto $9200 Gov’t grants. To Set up one for your child today contact us

RESP
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