RESP- Set up Government Grant and Additional Grant for your Child
What is a Registered Education Savings Plan? The Registered Education Saving Plan is a tax-free plan which is set up to benefit the post-secondary students. This plan was sponsored by the Canadian government. This tax-sheltered plan encourages and helps parents to save for the post-secondary education of their children. An RESP account can be open […]
The Basics of RESP [Registered Education Saving Plan]
Do you want to give your children the best education possible? Can you afford to pay for their education from your salary? Most of us cannot, but there are special savings plans created to help you in such situations. Before we continue, you should know that this savings plan is for the people who have […]
How Does the RESP work?
How Does the RESP work? It allows you to build up savings to put toward your Child’s post-secondary education. This is the most Precious gift you could offer your child RESP – Education Savings Plan 1. Contribute – Start saving early in your child’s RESP and take an advantage of generous Government grants. a. Canada […]