Registered Educational Savings Plan (RESP)

Education expenses shouldn’t be the reason your children don’t pursue their goals. The registered education savings plan is a tax-sheltered option for saving towards your children’s post- secondary education. Parents, grandparents and friends can all contribute for your child’s education, where the tax is deferred on all funds until the amount is withdrawn. The benefit of the RESP is that in addition to your contributions, government grants can further grow your RESP funds. Investing in your children’s education minimizes the debt of their post-secondary education and gives them a debt-free head start in life. Contact Insurance with Ajay today to invest in your children’s future.