What is RESP?
RESP or Registered Education Savings Plan is a safe investment option for people in Canada. When you want to invest money for your child’s future education, there is no other plan like this. Similar to RRSP or Registered Retirement Savings Plan, RESP also removes the tax burden for your investments.
Canadian Government also provides CESG or Canadian Education Savings Grant that is equivalent of 20% of the amount that you invest every year. CESG is subject to a maximum of $500. This grant is provided as an incentive to encourage more people to save and invest money for the future of their children. The underlying purpose of RESP is to fund your child’s college education. So, if your child is not pursuing college education, then the 20% of the investment that the Canadian government had contributed will be taken back. Invest in RESP today.



How I Can Help You
As an experienced business consultant and financial advisor, I've helped many organizations & individuals to create wealth. You too can achieve your financial goals.