Education savings

Are you wondering how much to save for your child’s education and when to start saving? The answer is simple: start as early as possible and take advantage of the Registered Education Savings Plan (RESP), which lets you grow your savings tax-free. What’s more, depending on your contributions, you might be eligible for a federal and provincial grant of up to 30%, payable to children who are post-secondary students.

When your child is enrolled in a post-secondary program, you’ll be able to withdraw your capital, earnings and subsidy in the form of a direct payment (study assistance) to your child, who as the beneficiary will pay little to no income tax.

Worried about your children’s future? We’re here to help you plan your finances so that you can ensure them the best.

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