What are RESPs ?
RESPs are Registered Education Savings Plans; a Canadian Government initiative to assist parents, grandparents, relatives or friends; fund a child's post-secondary education.

THE GOVERNMENT OF CANADA OFFERS FAMILIES UP TO $9,200 IN GRANTS

ARE YOUR CHILDREN GETTING THE GRANT?

MANY FAMILIES DON'T EVEN KNOW THIS GRANT EXISTS, OR HOW EASY IT IS TO QUALIFY.

SECURE YOUR CHILD'S FUTURE WITH AN RESP TODAY

Although the thought of college or university is probably a very distant one, the time to begin planning for it is now with a Registered Education Savings Plan (RESP). Unless you begin to plan immediately, the cost of post-secondary education can turn into a financial burden that will create great difficulties down the road.

The advantage Registered Education Savings Plans ( RESPS ) have over other investments, is the Canadian Government will add a yearly grant of 20% on top of your investment money. The maximum grant is $400.00 for each child, for every year of the plan; attained with an investment of $2,000.00 per year.

NEW INCENTIVES FOR RESR's

- A $500 Canada Learning Bond will be provided at birth for children in families that are entitled to the National Child Benefit ( NCB ) supplement - generally families with incomes under $35,000. As part of a new program the Canada Learning Bond ( CLB ), will provide up to $2,000 for children born after 2003 in families eligible for the National Child Benefit supplement. These children will qualify for $100 CLB installments to the age 15, in each year their family is entitled to the NCB supplement.

- This 20% matching rate is doubled to 40% for families with incomes up to $35,000. It also increases the rate to 30% for families with incomes between $35,000 and $70,000. These enhanced CESG rates will apply to the first $500 contributed in a year to a child's RESP.