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To help parents save toward their children’s post-secondary
education, the Federal Government through Human Resources Canada introduced
the Canada Education Savings Grant (CESG). Doesn't matter which company
you start your RESP, the following are the benefits - You are eligible
for a govt. grant upto $7200, for each child lifetime.You receive
the grant based on your family net income, 20% on your annual contribution
of $2000 to a maximum $400 per year for those families whose net income
is $72,756 or above . If your family income is between $36,378 to
$72,756, on the first $500 of contributions, you will get 30% grant
and on the balance 20% grant to a maximum of $450 per year . If the
family income is under $36,378, on the frst $500 you are eligible
for 40% grant and on the balance 20% to a maximum of $500 per year.
However it may be noted that the maximum grant a child could get lifetime
is $7200. The above numbers are applicable for the 2006 contribution
year. |
| 2004's Federal budget introduced dramatic proposals to enhance the
Canada Education Savings Grant to provide greater support and recognition
for those parents saving for their child's post-secondary education.
From July 2006 the federal government funding $100 per month
under universal child care benefit (UCCB), we would like to urge every
parent to use this money smartly to enhance your child's educations
funds need and we have plans tailored for this. |
We promise to assist you in fulfilling your savings
goals to nurture your dreams for your child’s tomorrow tailored
to your needs by a trained and licensed representative.
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| To know more about the program or to enrol your child,
give us a call at 416-283-8899 and one of our friendly
customer service representatives will put you in contact with a authorized
representative. |
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