The best way to save for your childs education!

A Registered Education Savings Plan (RESP) permits savings to grow tax-free until the beneficiary is ready to go full-time to college, university, or any other eligible postsecondary educational institution. When the student begins  to use the RESP for education, the income accumulated becomes taxable. However, because the student typically has little other income, he or she may  pay little or no tax on RESP income. Prairie Centre will work with you to determine whether an individual or family plan may be best for your unique  needs.

Canada Education Savings Grant

Contributions made to an RESP may be eligible for the Canada Education Savings Grant which provides up to $1,000 per year paid directly to the RESP plan from the Government of Canada.  The maximum lifetime grant that the Federal Government can give to your child is $7,200.  Now that's worth looking into!  Come in and see us.