Service Provided For : Education RESP--- Invest in your child's future
Posted on September 12, 2009 09:56 am - All Ads by this Poster - Email to friend
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Details:
- Price
- (Free)
- Area Served
- GTA
- Location
- Mississauga, L5B 1M2
View Map - Phone
- 647-388-8887
Description:
Invest in your child's future
An effective way to save for your child's post-secondary education is with a Registered Education Savings Plan (RESP).
Education costs vary considerably, depending on where your child goes to school and whether he or she continues to live at home. But no matter what you and your child decide, a post-secondary education can be expensive. To manage these costs successfully, you need an effective, flexible savings plan.
How much can I invest?
The lifetime RESP contribution limit is $50,000 per child and contributions can be made until the child turns 31. There is no annual maximum contribution limit.
The Canada Education Savings Grant (CESG) from the federal government may add to your RESP contribution, up to $500 per year, per child. If there is unused grant room from previous years, the CESG could be up to $1000 per year, per child through additional contributions. The CESG is payable until the end of the calendar year a child turns 17, and the maximum lifetime CESG payment is $7,200.
RESP investment choices
We offer a number of investment solutions for your RESP portfolio and we offer more than 380 kinds of mutual funds.
Please call me @ 647-388-8887 to make an appointment