Registered Education Savings Plan (RESP)

RESP

Registered Education Savings Plan (RESP) in Brampton, Mississauga & Etobicoke

At the trend of the rising education expenses, RESP is an excessively tax-benefitted plan to save for your child's post-secondary education. Registered Education Savings Plan (RESP) in Mississauga combines flexibility, tax-deferred investment growth and direct government assistance to help you reach your education savings goals for your children. Opening a RSVP can avail you the benefit of receiving grants from the Federal and Provincial Government. One can contribute a lifetime of $50,000 per child with no annual contribution limit. When the beneficiary withdraws money for post-secondary education, only the interest accumulated is taxable as income in the hands of the beneficiary.