Maximize your RESP

The Registered Education Savings Plan (RESP) is an investment program where the Government matches 20% of your contributions. You could even qualify for additional Grants based on your family income. There’s also the Canada Learning Bond where the Government offers up to $500 for low-income families.

Start Early

Families with young children can benefit the most from the RESP. That’s because they will have more time to qualify for Government Grants, which can be maximized by contributing to the RESP each year. Don’t worry! If you miss a year, you can catch up for one year at a time.

Family Time

If you have more than one child, you can open a Family RESP. It allows you to keep your savings in a single account, it simplifies managing the investments, and if one child doesn’t go to school, a sibling can use their Government Grant money without penalty (up to a maximum of $7,200 per child).

Paying for Education

Most post-secondary programs qualify for educational withdrawals: academic programs, skilled trade programs, full-time programs and part-time programs. Studying abroad also qualifies!

Top Up

If you haven’t yet maximized your RESP contribution for the year, you can still make a deposit before the end of December. I can help you calculate the optimal amount to contribute for this year, or as a regular monthly deposit.

Let me help you get the most government money that your child qualifies for.