Registered Education Savings Plan (RESP) is a great way for you to save for your children, or grandchildren’s post-secondary education. A post-secondary education is the greatest gift you could give a child. One major benefit about RESP’s is that the money you put into this plan is tax-sheltered so long as it remains in the plan. It is also a great way to take advantage of the governments contribution of twenty percent up to a maximum of $500.00 per beneficiary, per calendar year to a lifetime maximum of $7,200.00.
For more information on Critical Illness please contact Ana Martinho today!