RESPs


A Registered Education Savings Plan (RESP) is the smart way to save for your child’s post secondary education.

Benefits of a RESP

Tax Sheltered Growth
Interest earned from RESP savings and investments are tax-deferred until the money is used for education.

Government Grants
The government encourages saving for education with three grant programs:
Canada Education Savings Grants (CESGs)
BC Training and Education Savings Grant (BCTESG)
Canada Learning Bond (CLB)   

Flexibility
Your RESP account can hold any type of investment product like the ones listed below. And since what you invest in is just as important as how much you invest, we are here to  understand your unique needs and goals so you have the right investment mix.

RESP Savings Account
Ideal for short-term education savings, an RESP savings account lets you accumulate savings and earn interest until you decide on a longer-term investment.
• No investment minimum
• Make deposits or access your cash at any time

RESP Non-Redeemable Term Deposit
With a minimum $500 investment, you can earn a guaranteed return and competitive interest rates in exchange for locking your investment into this RESP term deposit.
• Minimum investment of $500 required
• Enjoy a competitive interest rate compounded annually
• Flexible terms from 1 to 5 years

RESP Mutual Funds*
You want to know your portfolio is being professionally managed to keep your investment goals on track
• Get expert advice from a Certified Financial Planner® Professional
• Enjoy the potential for higher returns than those offered by standard RESP investments

Ready to invest?

Call 604-654-2000

Or
for RESP Mutual Funds

Phi Hoang  CFP®, CIM®, RIS, BA
Certified Financial Planner® Professional
Mutual Fund Investment Specialist
Credential Asset Management
phoang@comsavings.com
604-230-8657

 


* Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual fund values change frequently and past performance may not be repeated.

®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

 
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