Federal grants can total as much as seven thousand two hundred dollars for the entire length of the plan, depending on the amount invested. In Quebec, add up to three thousand six hundred dollars on top of that.
And the money y Air Max Shoes ou save is tax sheltered, like in an RRSP.
For example, if you invest one hundred dollars a month, starting at the birth of your child until he or she reaches the age of majority, you will have saved over forty five thousand dollars for his or her postsecondary education!
Don’t walk away from the money the government is offering you!
But what happens if the child doesn’t pursue post secondary studies?
At Desjardins, it’s very flexible. You can transfer the RESP to another child in the same family without penalty.
And if you had to discontinue the plan, you could consider transferring the money to your RRSP. Otherwise the capital will be returned to the person who invested it, and there are a number of options for the balance.
In short, the registered education savings plan is easy, and it pays. S Air Max Shoes top by your caisse t Air Max Shoes o open an account. Your advisor will help you determine the best way for you to invest. You will then be eligible to receive the grants Air Max Shoes .