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Looking for a Great Christmas Gift for Your Grandkids?

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Something that doesn’t break, doesn’t require batteries, and can be added to year after year? Consider a Registered Education Savings Plan (RESP) – an investment in your grandchildren’s futures.

  • You can establish a Family Plan for all your grandchildren or an Individual Plan for each one.
  • Make deposits once a month, or perhaps a lump sum at Christmas or a special occasion
  • If the grandchildren qualify1, the Canadian Government will match 20% of your deposits with a Canada Education Savings Grant2 (CESG)!
  • There are income-tested grants and incentives available as well, based on the “primary caregiver”.
  • Proceeds of the RESP can be used by the child after high school to help pay for his or her post-secondary education – qualifying full- or part-time courses:
    • In an apprenticeship program
    • At a trade school
    • Community College
    • University

Toys break, electronics become obsolete, but this gift “just keeps on giving”! Call us and let’s talk about it!

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1The CESG is available until the end of the calendar year in which the child turns 17 as long as the child is a Canadian resident, an RESP has been opened in their name, and a request is made for the grant. Note there are further conditions for children age 16 or 17 – ask your advisor.

2Grant limit is $7,200.