Invest in Your Child’s Future: Exploring RESP Solutions

At WMP Wealth Management Protection, we understand the importance of providing a solid financial foundation for your child’s education. Our Registered Education Savings Plans (RESP) are designed to help you save, invest, and secure a brighter future for your loved ones.

Why Choose RESP?

1. Tax Advantages:

  • Take advantage of government grants and tax-deferred growth on your RESP investments.

2. Education Savings Grants:

  • Access government grants such as the Canada Education Savings Grant (CESG) to boost your savings.

3. Flexible Investment Options:

  • Choose from a range of investment options to suit your risk tolerance and financial goals.

4. Lifetime Limit:

  • Contribute up to a lifetime maximum per beneficiary, allowing for substantial savings.

Our RESP Offerings

1. Family RESP:

  • Ideal for families with multiple children, allowing for shared contributions and grants.

2. Individual RESP:

  • Geared towards single-child families, providing flexibility in contributions and investments.

3. Group RESP:

  • Pool resources with other families for potentially higher returns, with scheduled payouts for education.

How to Get Started

  1. Consultation:

    • Schedule a consultation with our RESP experts to discuss your education savings goals and preferences.

  2. Needs Assessment:

    • Our advisors will conduct a comprehensive needs assessment to determine the optimal RESP strategy for you.

  3. Account Setup:

    • Open your RESP account with WMP Wealth Management Protection, and start your journey towards education savings.

Frequently Asked Questions

Q: How do government grants work with RESP?

A: The Canada Education Savings Grant (CESG) matches a portion of your RESP contributions, providing additional funds for education.

Q: Can I use RESP funds for any educational expenses?

A: RESP funds can be used for various post-secondary education expenses, including tuition, books, and living expenses.

Q: What happens if my child doesn’t pursue post-secondary education?

A: In such cases, there are options for transferring RESP funds to another eligible beneficiary or withdrawing the contributions.

Contact Us

Ready to invest in your child’s education? Contact WMP Wealth Management Protection today for personalized RESP solutions.