Registered Education Savings Plan (RESP)
A Registered Education Savings Plan
(RESP) is an amazing way to save for your child’s post-secondary education. With the increased cost of post-secondary education
, an RESP is a great tool to protect your child’s ability to attend a program of their choice when they graduate from high school.
An RESP is a government-registered plan in which your money can grow on a tax-deferred
basis. Furthermore, you may be eligible for additional government grants
- The Canadian Education Savings Grant for up to $7,200 per beneficiary;
- The Canada Learning Bond for up to $2,000 per beneficiary.
Sunil Bhushan offers registered education savings plans or RESP to help your child accomplish his education dreams in Mississauga, Brampton, Oakville and Richmond Hill.