A registered education savings plan is one of the easiest ways of offering your children, grandchildren or someone else dear to you a post-secondary education free of financial hardship.
The Government of Canada allows savings for education to grow tax free until your child enrolls in education after high school. The child named in an RESP is known as a beneficiary.
Although RESP contributions are not tax-deductible, they do allow savings to compound and grow tax-free until the child is ready to go full-time to college, university, or another post-secondary educational institution.
The sooner you begin to invest, the higher the amount that will be available for your child or grandchild to assist them in their post-secondary studies.
Have a Social Insurance Number (SIN)
Life Insurance and segregated fund products and services offered through professionals representing Alliance Financial Group in the provinces of Alberta and Ontario only. Some advisors are dually licenced and may also offer mutual fund products and services through Wealthforce Inc., Mutual Fund Dealer, in the provinces of Alberta, Bristish Columbia and Ontario only.