Helping Prepare Your Child For Their Future

Published by on

A post-secondary education is one of the most important gits you can provide a child yet few families can afford the costs.

 

By investing in your child’s education, you’ll be helping to start your child on the right path to prosperity.  By setting aside education funds for your children now you can help them avoid the ever increasing cost of tuition and costs associated with post secondary education.

 

You have some help.  The government offers incentives to help you save for your children’s education to encourage all income levels to save more.

 

RESP’s may receive the Canadian Education Savings Grant (CESG), a federal grant that will match 20 per cent of your RESP contributions each year to a maximum of $500 per child per year.  Finally, with an RESP you may be eligible for other government incentives to help you increase your savings including:

 

The Additional CESG – a federal grant that will deposit, over and above the Basic CESG – 10 or 20 per cent on the first $500 contributed each year.

 

The Canada Learning Bond - a federal bond for children born after December 31, 2003, that can add up to $2,000 to your RESP savings.

 

Let us help prepare your child for their future.