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RESPs - Investing in your child's future.

It's never too early to start putting money aside for a child's education.
Today, a student living at home pays an average of $4,000 per school year,
but that amount is expected to reach $37,000 in the next 20 years!
Investing now can set you, and your child, up for success later.
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Benefits of an RESP



Registered Education Savings Plans are set up through the Federal Government. They help people save for post-secondary education by putting a little money aside each year. Anyone can contribute to a child’s RESP (not just the parents), and families can set up a plan for one or more of their children. Interest earned on RESPs is tax-free, and when a child starts using their funds for school, they only pay tax on the accumulated interest.

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Canada Education Savings Grant

The biggest incentive to buy RESPs is the Canada Education Savings Grant, where the government adds an extra 20% to the first $2,500 you invest annually, giving you an extra $500 a year for your child's education. This can add up to as much $7,200 by the time your child graduates. And don't worry, if your child chooses not to attend a post-secondary institution, there are other ways to put that money to use.

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Ready to invest?

For general RESP inquiries, call 604-654-2000.

For RESP Mutual Funds *

Contact Phi Hoang, CFP®, CIM®, RIS, BA

Mutual Fund* Investment Specialist - Aviso Wealth, a division of Aviso Financial Inc.
Manager, Financial Planningm - Community Savings Credit Union
Certified Financial Planner® Professional

*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.