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Registered Education Savings Plan (RESP)

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An RESP will help you save up to $50,000 for your child’s post-secondary education.

Because it’s tax sheltered, any investment growth your money earns will be tax-deferred until your child withdraws it – likely at a lower tax rate.

 
 

Enjoy the benefits of an RESP  

  • Grow your money faster – Because your RESP is tax-sheltered, the investment earnings will grow untouched until they’re withdrawn.
  • Less tax when withdrawn – When your child begins to withdraw funds for their education, they’ll likely have little income and pay less tax.
  • Benefit from government grants — The federal and provincial government offer grants to boost your child’s education savings. Speak to our Financial Advisor, Jason Truscott, at Growth Financial Corp. to learn more.
  • Anyone can contribute — ​Grandparents, aunties, uncles and even friends can add to your child’s savings.
 

​Ready to put the power of tax-sheltered saving to work for your child’s future?​

For more information and to start saving contact our financial advisor, Jason Truscott, with our subsidiary Growth Financial Corp. located at Creston Valley Mall. 

Phone: 250.428.0606​
​Toll Free: 1.877.402.6505

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​Take advantage of tax-free savings

Whether you’re saving for a new car, a dream vacation or another goal entirely, a tax-free savings account (TFSA) will help you get there faster.

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See how contributing to an RESP, combined with government grants, will help set your child up for success.

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Get in touch! We’ll be happy to help review your options and determine if an RESP is right for your goals.

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Whatever your family’s goals, our expert planners at Growth Financial will help create a bulletproof plan to reach them.

 

​Have a question?

Connect with a member of our team by phone, in-person or online. The choice is yours. 

 
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250.428.5351 

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support@cdcu.com