Education (RESP)  

You want to provide the very best opportunities for your children todayand in the future, but when you're raising a family there’s not usually much left over after all the bills are paid. Our Registered Education Savings Plans (RESPs) are designed to make saving for your children's education a little easier.  RESPs offer:

  • interest that’s compounded and tax free until it's withdrawn
  • no annual limit for contributions
  • maximum lifetime contribution of $50,000 per beneficiary
  • $500 per beneficiary per year from the Canadian Education Savings Grant ($1,000 if there is unused grant room from a previous year) up to a lifetime limit of $7,200
  • tax on only the accumulated income, not the principal
  • transferable funds
  • a 21 year investment period

Helping make your dreams come true is just another way we put people 1st

 

Call us at 403.320.4600 or ask us for more information.

 



 


 

 
09/08/10
Product
Rate
Credit Union Prime Lending Rate 2.750%
Platinum Savings Accounts
   > $5000
.85%
GIC 5 Years 1.900%
Maximizer and Golden Accounts > $5,000 0.25%
Exchange Rates USD 1.0653%
US Dollar GIC 30 Days 0.25%
Calculators