Education Planning
Preparing For The Future
With the rising costs of post-secondary education and the increase in students pursuing post-graduate programs and higher levels of education, having a well-planned education savings program is essential to ensuring you are covered to help support your children’s future.
Managing these costs with an effective and flexible education savings plan can help make sure that you’re prepared for the day when your children start post-secondary education and pursue new studies.
Maximizing Growth for Education Savings
Setting up the right strategy for your education savings plan means making the right tactical moves to maximize your (and the government’s) contributions to your Registered Education Savings Plan (RESP).
- Set up the right type of RESP - family vs. individual
- Setting up an Income Trust Fund (ITF) vs. an RESP and the pros & cons of each
- Tax-efficient RESP withdrawals and RESP withdrawal planning
- Appropriate transferring and handling of unused RESP funds
Maximizing Government Contributions
In addition to incorporating education savings into your overall wealth plan, we also look for ways to maximize additional government funds and opportunities to ensure you’re generating the most savings for your children’s future.
We will assist with your application for the Canada Education Savings Grant and the Canada Learning Bond, two Government of Canada programs that can help pay the costs of a child’s full- or part-time studies in university, college, apprenticeship programs, or trade schools.
Contact us today to discuss how we can help you achieve your financial goals
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