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Education Saving Plan
Your Child Deserves Attend the Best
University No Matter the Cost
Our Established & Reliable Canadian Insurers
Eligibility
- Be a Canadian resident
- Age under 21
- Have a social insurance number
Investment Option
- Daily interest Account
- Guaranteed Interest Fund
- Segregated Funds
Annual Contribution Room
For 2007 and later years, there is no annual limit for contributions to RESPs, however, the lifetime limit on the amounts that can be contributed to all RESPs for a beneficiary is $50,000.
Government Grant
The amount the Canadian Government will contribute to your child’s RESP varies each year and depends on your income and your contribution towards your child’s RESP that year. You may be eligible for up to a maximum of $7,200 through the Canada Education Savings Grant.
If your child was born after 2007, government contributions are based on your contribution room of $500 a year.
If you do not use that amount one year, you can use it next year.
You ask the question, we will find the answer
Call us at 1-888-461-6120 or schedule a call for a later time.
