Education

Education RESPs

You want to provide the very best opportunities for your children today and 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  • interest that’s compounded and tax free until it's withdrawn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.

 

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