Our licensed financial services representatives are here to assist you in creating a complete investment portfolio to meet your investment goals.
We utilize the traditional investment tools along with the latest investment planning techniques to create investments that work for you.
An RESP is a tax-sheltered plan that helps you save for a child’s post-secondary education faster. Money invested in an RESP can grow tax-deferred, and the best part? The government can contribute up to $7,200 directly to your child’s RESP.
With a regular, pre-authorized contribution plan you save without even thinking about it!
See how contributing $25 per week in an RESP adds up quickly when supplemented by the federal and provincial incentives.
Earnings within an RESP are not taxed. When the funds are taken out for education, withdrawals are taxed in the student’s hands, often resulting in little or no tax.
Grow your savings faster with the Canada Education Savings Grant (CESG)1, Canada Learning Bond (CLB)2, and other government incentives.
If the child doesn’t pursue post-secondary education, you may be able to choose a new beneficiary. Or, if he or she wants to travel first, you have 35 years to use the funds.
Whether they’re still in diapers or in those awkward tween years, our kids deserve the best we can give them – including help with their post-secondary education. A Sun Life advisor can show you how an RESP can help you save for university, college or an apprenticeship – and how you can add to your savings with free money from the government.