A Registered Education Savings Plan (RESP) is a government sponsored savings plan that encourages investing in a child’s future post-secondary education. Subscribers to an RESP make contributions that build up tax-free earnings. By taking advantage of the government’s contributions, tax-deferred investment income, and other growth opportunities, you can secure their future and help them realize their dreams. The government contributes a certain amount to these plans for children under age 18. An investment in education pays the best interest.
Not sure what a RESP is or how it can help? Contact a Granite Financial RESP professional today. We make wealth management simple!