RESPs

RESPs are the best way to save for our children's or grandchildren's education. The government allows up to $4,000 per child to be invested and compounded tax free.

They will also pay you a grant directly to the RESP, up to $400 per child per year.

That amount accumulates and you can receive up to $800 per year if there is unused room. I would be happy to talk to you more about this program and how it can work for you. In the mean time, here is some general information that you might like to know:

Every thing you wanted to know about Registered Educational Savings Plans - The governments official site: http://www.hrdc-drhc.gc.ca/hrib/learnlit/cesg/006_e.shtml

 

 

All contents copyright © Joe Chisholm 2001
E-mail: chisholm@queensbury.com