Have you opened a RESP? [Presentation]

/ Investments / Mar 19, 2022

Registered Education Savings Plan (RESPs) are pretty simple. They’re regulated accounts to be used for saving money for a child’s post-secondary education. The main benefit of an RESP is its tax-advantaged nature.

RESP funds can be invested in countless ways and if they are spent on higher-education related tuition or expenses, no investment gains in the account will be subject to income taxes.

Here’s why you should open a RESP if you haven’t already.

Know about tax-saving RESPs 

Get in touch with our advisors to know more about RESPs. Our advisors have over 30 years of experience providing expert insurance and investment advice for both businesses and individuals in Mississauga, Brampton, Toronto and Hamilton.