Your child's education will be one of the biggest expenses you will incur. Open up a Unity RESP when your child is at a young age and the investment will have more time to grow. RESP's are a great way to save for your child's or grandchild's education. An RESP is a government-approved registered savings plan which provides for the future post-secondary education of a child, or beneficiary. Take advantage of the annual Federal Government Grant!
- Set up an individual plan for one child (beneficiary) or a family plan for multiple beneficiaries
- Subscriber contributions for a qualifying beneficiary receive a 20%/$500 yearly tax-free Canada Education Savings Grant (CESG) on the first $2,500 of any annual contribution up to a $7,200 CESG limit.
- Contributions to this type of plan are not tax deductible, but income and grants that build up in the plan are sheltered from taxes until they are withdrawn to pay for the beneficiary's eligible post-secondary education.
- Flexible options! Your RESP can be in the form of a variable savings account, GIC's, and mutual funds.
Contact your Unity Financial Advisor for more information
Mutual funds are offered through Credential Asset Management Inc.
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Easy Education Planning with Our Online GO Figure Resource Center.
Can you afford post secondary education for your children? What are your Investment options? A university program can easily cost $60,000 now and much more in future. Effective education planning now means your children have a better chance of getting a higher education.
GO Figure makes planning easy and saves your results for fast updates.
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