Parmender Dhankhar

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Parmender Dhankhar

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Registered Education Saving Plan

Let’s protect your people and your opera

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Give Your Child The Gift Of Higher Education

For every $ saved in the RESP Plan, Goverment adds 20 cents upto Max $7200 per child. You might get additional income based grants.

It’s designed to help you save for your children’s post-secondary education.

How it works?

By opening an RESP account with our assistance, you can choose to invest your contributions in a range of Segregated Funds. 

The earnings generated by the investments grow tax-free within the RESP until the funds are withdrawn. When the beneficiary (i.e., the child for whom the account was opened) enrolls in a post-secondary education program, they can start receiving funds from the RESP account to pay for their education-related expenses. 

The account holder can withdraw the funds contributed to the account at any time, but the earnings are subject to taxes upon withdrawal.

Why RESP?

Tax-sheltered savings:

The earnings generated within an RESP grow tax-free, which means you can maximize your savings for your child's education.

Flexibility

You can choose to invest your contributions in a range of investment products and adjust your investment strategy as your child gets closer to starting post-secondary education.

Education-related benefits

When the beneficiary enrolls in a post-secondary education program, they can start receiving funds from the RESP account to pay for their education-related expenses, such as tuition fees, textbooks, and living expenses.

Diploma or my education Plan

1. Diploma Plan offers an additional bonus if you commit to a set monthly contribution
2. My education plan offers flexible monthly contribution options for your selected investments

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    RESP can help ensure that your child has the financial support they need to pursue their educational goals.

    Our Insurance experts can provide peace of mind and financial security to both you and your loved ones

     

    Let Us Help You Plan For The Future

    Customised For Your Needs

    Customised For Your Needs

    Plenty Of Options To Choose From

    Plenty Of Options To Choose From

    Highly
    Convenient

    Highly
    Convenient

    An Excellent Tool For Parents:

    In conclusion, an RESP is an excellent tool for parents and other individuals to save for a child’s post-secondary education. With tax-sheltered savings, government grants, flexibility, and education-related benefits, an RESP can help ensure that your child has the financial support they need, to pursue their academic goals.