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The value of an RESP for your children

10 reasons to set up an RESP for your childThe value of an RESP

  • 1. Simple to set up, 3 forms includes the government grant paperwork.

 

  • 2. Receive up to $500 per year, contributed every month, from the Federal Government.

 

  • 3. Long Term Stable Growth, with wealth bonuses as the child gets older.

 

  • 4. You can transfer from an existing RESP to an enhanced RESP.

 

  • 5. Education options that are flexible, which even include out of country study, and apprentice programs.

 

  • 6. The money grows TAX FREE.

 

  • 7. An RESP should be integrated with your entire Family Financial Plan.

 

  • 8. Flexible contributions can start small and increase over time.

 

  • 9. Lump sum contributions can be made, such as gifts from Grandparents, Aunts, Uncles or even events such as Baptisms…etc, etc.

 

  • 10. You wont have to exhaust your retirement money when it is time for your child to go to school.

 

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