Friday, June 3, 2011

The most precious gift you can give your child is a good education.

"The main hope of a nation lies in the proper education of its youth." Erasmus
Much of your child's success in the future depends on their post-secondary education and this is becoming increasingly costly. By 2027 it could cost you more than $114,063 for a 4-year university program if your child is living away from home. Your child may be faced with huge student loans that take years to pay off unless you plan ahead to make funds available for them.

A Registered Education Savings Plan(RESP) is a tax-sheltered plan in which you can save for the post-secondary education of your child. You can also take advantage of the Canadian government grants of up to $500 per year and in the case of lower income families, an additional amount as a Canada Learning Bond.

By starting early to save in an RESP you can help to ensure you have the funds available when your child is ready to attend college or university.  CONTACT US  for more information on how to start an RESP plan that will help you fulfill your dreams for your child.
"Education is not preparation for life; education is life itself." John Dewey

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