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Start saving today for your child's post-secondary education
Children grow up so fast. Before you realize it, they are ready to begin their post-secondary education. But are you ready?
A Registered Education Savings Plan (RESP) from The Co-operators helps you save for that big day. Our Versatile Portfolios™ RESP is a safe, smart, and simple choice that offers:
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Guarantees: RESP segregated funds guarantee 75% of your principal investment upon maturity or death, while mutual funds from the banks generally have no guarantees at all |
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Diversified Investments: Choose from a range of portfolios that offer various degrees of risk and potential return, including socially responsible investments |
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Tax-Deferred Investment Growth: Contributions grow tax free over the life of the plan |
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Low Minimum Contribution: Start your plan for as little as $50 per regular contribution |
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Access to Government Grants: Contributions may qualify for the Canada Education Savings Grant (CESG), a government grant that contributes up to 40% on the first $500 and 20% on the next $2,000 of your annual RESP contribution up to a maximum of $500 per year, depending on your family income |
The sooner you begin saving, the better prepared your child will be for the cost of post-secondary education.
If you would like more details on how to save for your child's post-secondary education, click here and I will contact you.
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