RESPs

Investing in Your Childs Education

The best way to save!

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 post-secondary 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.

More about RESPs:

How does an RESP work?

Types of RESPs

RESP Commonly Asked Questions

 

 

 

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