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RESP – Registered Education Savings Plan in Calgary

An RESP is to education what an RRSP is to retirement: it allows you to build up savings to put toward your child’s post-secondary education. This is the most precious gift you could offer your child: the possibility to pursue the career of their dreams.

An RESP is a savings plan that helps Canadians save, tax free, for their child’s post-secondary education. Through an RESP you can contribute $2,500 annually toward their education. The maximum you can contribute to any one RESP is $50,000.

You don’t have to be a Canadian citizen to open an RESP. If you are a permanent resident or a landed immigrant, you can open an RESP for your child.

Canada Education Savings Grant

To help make a post-secondary education more affordable, the Canadian government will match 20% of any RESP contribution until your child reaches the age of 17. Provided through the Canada Education Savings Grant (CESG), the Canadian government will deposit up to $500.00 annually in free money to your child’s RESP. The lifetime maximum of the CESG is $7,200.

Helping Calgarians Maximize Their Children’s RESP

Whether you’re new to Calgary or new to Canada, Asia pacific Insurance can help you develop a financial plan which will help your child meet all of their post-secondary education needs.

We offer multiple RESP options which provide additional flexibility and options to maintain your contributions as per your needs.

 

For More information, feel free to Book An Appointment Online or Call us at 403-225-8888

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