Choosing the Best Type of RESP

1. Choosing the Best Type of RESP Savings Plan Provider Higher education has indeed become a costly affair. However, it still remains one of the most important aspects of the upbringing and development of your child. Hence, services like the Registered Education Savings Plan have been established to make sure no one has to burden themselves to get quality education for their young ones. It is an investment plan to save money for your child’s post-secondary education which allows access to the Canada Education Savings Grant (CESG). In this way, you can collect enough funds to support your child’s higher education. Another advantage of RESP is that your savings grow tax free. This means there is no tax imposed on your investment earnings, as long as they remain under the plan.

2. Investment for your child’s bright future should never be compromised. The money that we put in the education of their childhood are the benefits they reap years later when they grow up to be independent and successful individuals giving back to you and the society. Hence, it is crucial to create an effective source of finance for this education. When it comes to investing is RESP, it is essential to choose the right provider because there are a variety of RESP providers and the plans. One that understands your needs and circumstances is Kamal Atwal, a RESP specialist. She is based in Vancouver and is licensed for all of British Columbia. A dedicated individual providing you the best plans to finance your child’s higher education, she is the best RESP provider in surrey. As a consultant, you will be assisted in the handling the paperwork and will be detailed about the particulars of the plans available to you. In the end, you will be catered to in a way that is personalized to you. Content Source