Registered Education Saving Plans
It’s never too early to start saving for higher education. As Canadian’s, we are fortunate to have access to government assistance when it comes to saving for your child’s education. With a Registered Education Saving Plan (RESP), families can have their contribution matched up to 20% by the government each year, so it makes sense to start saving early.
When choosing an RESP, there are three choices: a family plan, an individual plan, and a group plan. Each of these RESP options provide an excellent vehicle for saving for your child’s education, but which is right for you?
The team at the Ostic Financial Group are here to help make saving for your child’s education simple. We can help you choose the right type of RESP for you, as well as develop a contribution plan so you can maximize your savings.
Give us a call today to set up an appointment to discuss your RESP options.