What are the most obvious benefits of an Registered Education Savings Plan (RESP)? The growth income earned on investment contributions remain tax-deferred until your child enters a post-secondary program and the money is withdrawn. Another advantage of an RESP that makes it unique from other forms of investment is that a nominated child can be eligible for government grants like the Canada Education Savings Grant (CESG) for up to $7,200, and the Canada Learning Bond (CLB) for up to $2,000. RESP is a great way to save for your childs post secondary education. Lets talk so that I can share this information with you in detail. Jasmeen 416 894 0766
Posted on: Fri, 03 Oct 2014 05:00:12 +0000
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