Secure the future of your children with RESP, Today!

RESP

Invest in an RESP plan to secure the future of your loving Kids. These small savings can nourish the seeds of a flourishing future for your children. 

What is RESP?

An RESP or the Registered Education Savings Plan is a scheme that helps you as a parent to save enough for your children’s higher education. This scheme is solely for Canadians. You can make investments under RESP from the day your child is born to the day he/she is legally eligible to benefit from the amount available under the RESP account. Over the child’s building years, your tax-free investments will pile up that can be used for the child’s education. 

If you are:

  • Resident of Canada
  • Parent/Relative/guardian of a child,

You are eligible to open an RESP account. Therefore, both parents, single parents, guardians, or other relatives can choose to make an RESP account for the child. 

You can pay for RESP account savings either;

  • Monthly
  • Yearly

What are the benefits of investing in an RESP?

Tax-free Investment

An RESP account gives a significant tax advantage as you can save your investments for your child’s future without any initial tax deductions. It is a huge advantage that will slowly help you save a hefty amount of money. Still, the minor taxation cuts on the overall investment gain will apply at the withdrawal time. 

Government support:

It is a government-initiated policy that itself proves the legitimacy of this plan. The plus point of opening an RESP account is that even the government will invest a certain amount in this RESP account till the child is 18. Therefore the savings account will have additional finances for your child’s future. 

Prepare you in advance: For sure, education expenses are too much in Canada, and arranging that much money at once can be next to impossible. However, with RESP, you will be prepared in advance for your child’s education. It will give a sense of safety that with your saved money, your children can complete their education and stand on their feet even after you. 

Cover a broad range:

RESPs don’t cover a single type of course or consider a particular education coverage. Your child can use this money for Trade school, Part-time, or even a full-time degree. 

Growing Investments:

The money you will put in your child’s RESP account won’t only contain the investment you initially put in. Along with this, over the years, the investment will grow at a tremendous rate. Therefore, unlike conventional methods, your savings are not only secure but will also rise gradually.

Why choose Amit Rana Insurances?

Multiple Plans: Customer comfort has always been Mr. Amit Rana’s prime concern and that’s because we’ve become the best RESP company Canada. Therefore he has customized numerous plans as per your need. 

Years of Experience: Mr. Amit Rana has been in this industry for years and has served thousands of customers so far. 

Expert assistance: With his excellent knowledge and experience, Mr. Amit Rana is here to guide you and advise you on the best plans.

Secure Service: It is a legal service. Customers’ privacy is respected, which is why all the shared details are kept confidential and safe.