WHAT IS EDUCATION PLAN

WHAT IS REGISTERED EDUCATION PLAN

Registered Education Savings Plan is to save money for your children or grand- children so they can use those funds to get higher education. Government of Canada will contribute 20% additional to the registered fund as well. It’s never too early to help a child’s dreams come true. RESP’s are registered by the Government of Canada to allow savings for education to grow tax-free until the person named in the, RESP enrolls in education after high school. Today in the market there is so many companies where we can open RESP plans. Majority of companies charge RESP setup fees which is way too high to the client. These companies also charge money depositary fees to the client every year as well. Sahib Insurance works with those companies who does not charge any set up fees to the client and also client can choose their investment option as well. Investment option includes GIC (fix deposits) Bonds and Equity Market.

A Registered Education Savings Plan is a special savings plan that can help your children’s, your family, or you to save for education after high school.

Sahib Insurance & Investments Advisor will help you to choose best RESP plan.