本文发表在 rolia.net 枫下论坛Make the Educated Choice for Your Child’s RESP
As a caring parent, you want your child to enjoy a successful life. Today, that means a post-secondary degree or specialized training is a necessity, not an option.
A Registered Education Savings Plan (RESP), created by the Federal Government to help parents provide full education opportunities for their children, allows you to save up to $4,000 per year per child, to a lifetime total of $42,000 per child in a tax-sheltered plan. And more Canadian parents have turned to the Canadian Scholarship Trust Plan than any other RESP provider.
Your savings will grow with the help of special plan features:
Get an additional 20% free.
You’ll benefit from the Canada Education Savings Grant (CESG), a government grant that provides an amount equal to 20% of your RESP contributions. It’s extra money that can add up to $400 per year for each child, to a maximum grant of $7,200 over the life of the plan. The grant money will grow with interest, too. Learn more.
Enjoy tax-sheltered growth.
RESPs offer tax deferral on the interest earned on your savings over the years. If you were to save outside an RESP, your interest earnings would be subject to tax, greatly decreasing the money available for your child’s education. When you save in an RESP, your contributions and your CESG enjoy compound growth that is tax-sheltered.
When the time comes to withdraw funds from your plan, the money is paid in your child’s name to reduce taxes. Since students have generally low income levels, little or no tax is payable.
resp4child@canada.com更多精彩文章及讨论，请光临枫下论坛 rolia.net
As a caring parent, you want your child to enjoy a successful life. Today, that means a post-secondary degree or specialized training is a necessity, not an option.
A Registered Education Savings Plan (RESP), created by the Federal Government to help parents provide full education opportunities for their children, allows you to save up to $4,000 per year per child, to a lifetime total of $42,000 per child in a tax-sheltered plan. And more Canadian parents have turned to the Canadian Scholarship Trust Plan than any other RESP provider.
Your savings will grow with the help of special plan features:
Get an additional 20% free.
You’ll benefit from the Canada Education Savings Grant (CESG), a government grant that provides an amount equal to 20% of your RESP contributions. It’s extra money that can add up to $400 per year for each child, to a maximum grant of $7,200 over the life of the plan. The grant money will grow with interest, too. Learn more.
Enjoy tax-sheltered growth.
RESPs offer tax deferral on the interest earned on your savings over the years. If you were to save outside an RESP, your interest earnings would be subject to tax, greatly decreasing the money available for your child’s education. When you save in an RESP, your contributions and your CESG enjoy compound growth that is tax-sheltered.
When the time comes to withdraw funds from your plan, the money is paid in your child’s name to reduce taxes. Since students have generally low income levels, little or no tax is payable.
resp4child@canada.com更多精彩文章及讨论，请光临枫下论坛 rolia.net