Save for your child’s education and future through an RESP
Kids grow up so fast, and before you know it, college (and tuition fees) are right around the corner. Our experienced team will help develop an education savings portfolio for your kids that grows as quick as they do.
Start with a Registered Education Savings Plan (RESP). An RESP is a government-approved plan to help you save for your child’s post-secondary education to a maximum of $50,000. Income earned within the plan is not taxed until it's withdrawn.
The 2019 RESP contribution deadline is December 31, and you have an opportunity to boost your annual savings by up to 20% through the Government of Canada’s Canadian Education Savings Grant and Canada Learning Bond programs.
Take advantage of an excellent growth possibility of index markets and the stability and comfort of the Credit Union Deposit Guarantee.*
Fine tune your portfolio with industry specific investments.
Canada Education Savings Grant
Get 20% of your annual contribution matched by the government. That;s a maximum of $500 on an annual contribution of $2,500. If you cannot make a contribution in any given year, you may be able to catch up in future years.
Government Learning Bond
This Government of Canada bond of $500 can help you start saving now for your child's post-secondary education. Plus, your child may qualify for $100 every year until he or she turns 15 years old to a maximum of $2,000!*
Recommended For You
The Legal Stuff: