RESP

Saving into an RESP for a child is a powerful way of contributing to a blossoming future …

Who can contribute into an RESP ?

  • Parents
  • Grandparents
  • Friends

There is more to know...

  • Contributions are made at any-time up to a lifetime total of $50,000 per child
  • Contributions are not tax deductible, however any investment income that’s earned within the plan isn’t taxed until it’s withdrawn  
  • In addition to tax-deferred growth, the federal government contributes a Canada Education Savings Grant (CESG)

At Forshaw Wealth Management we believe that a child deserves a head start to a higher education

 

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