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Education Planning is about
saving for the future costs of a child's education. In today's world, education is more important than ever. Studies show a clear correlation between higher education, and higher income. At the same time, costs are rising making it more difficult than ever for students to obtain a post secondary education on grants, and loans alone. Even with loans, a student can be trapped in debt for many years after graduation slowing the progress of personal growth. Enter RESP's or Registered Education Savings Plans. This is a Federally regulated program that provides for generous government grants for every dollar invested in the plan up to certain limits, as well as tax deferred growth similar to RRSP's. |
HRSDC-Registered Education Savings Plan |
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