Thanks to Canada's Registered Education Savings Plan, you can make contributions early on for your children who are under the age of 21. While you cannot deduct these investments from your income tax, the funds in the account will grow over time as income is earned on your investment. It's a great way to plan for your children's future.
If you're unsure about how to get started, BrokerTeam Insurance Solutions can help. We are licensed to provide you with expert advice and get you the savings plan you need.
BrokerTeam's team of financial advisors can help you make the most out of your income and savings. We'll be happy to give you all the help you need to set up a RESP account. Plus, we can provide expert advice in other Canadian registered savings plans, such as RRSP. Call us today for a free consultation.