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A Registered Education
Savings Plan (RESP) is a federal government, tax-deferred education
savings tool. RESPs allow a subscriber (an individual who enters into
the RESP contract and names a beneficiary) to save money for a beneficiary’s
post-secondary education.
RESPs offer the benefit of increased savings as a result of the
government sponsored Canada Education Savings Grant (CESG) program.
The government will match 20 per cent of the amount a subscriber
contributes each year to the beneficiary, up to a maximum of $400
per year.
For further information on Educational planning choices, please
contact an representative at W.P.G. The Wealth Planning Group Inc.
CESG
Grant Link
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