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      RESP/RRSP

      Helping you to meet financial goals for the future.

      RESP
      RRSP
      Book an appointment

      What is RESP ?

      RESP stands for REGISTERED EDUCATION SAVINGS PLAN. This plan is started by the government of Canada to encourage parents of young children to start saving some funds for the child’s post secondary education. Government provides a 20% government grant on the top of the contributions made by the parents.

      The future of your child lies in his education

      Make sure he grows with peace of mind !

        How RESP works ?

        • You enter into an RESP contract and name one or more beneficiaries.
        • You make the decided contributions to the RESP.
        • Government provides 20% grant on it (if applicable).
        • Your promoter of the RESP overlooks all amounts paid into the RESP.
        • The promoter can return the subscriber's contributions tax-free.
        • The promoter can make payments to the beneficiary to help finance their post-secondary education.
        • The promoter can make accumulated income payments.

        >>> Types <<<

        Types of RESPs

        Family Plan

        Best for families with more than one child, as you can name more than one beneficiary.

        Individual Plan

        Only one beneficiary can be named under an individual plan.

        Group Plan

        Group RESPs, sometimes known as a group scholarship trust, pools contribution from multiple families.

        Get detailed navigation of your plan

        +1 905-499-2703

        Book an appointment now

        Registered retirement savings plan (RRSP)

        Prepare for the well being of your own future too !

        Registered Retirement Savings Plan (RRSP) is also part of the Government’s initiative for the Individuals to save part of their income into a registered savings account to prepare for their life after retirement.

        Book an Appointment

        Book an Appointment

          Features of RRSP :

          • Your funds are tax-advantaged.
          • RRSP contributions are tax-deductible.
          • The money invested keeps on earning returns on it.
          • In their senior years you can withdraw the money from your RRSP account to supplement your income.
          • The money invested in the RRSP is exempted from Income Taxes.

          RRSP can easily help you secure your financial future along with Peace of Mind

          Meet with us in person to learn

          Book an Appointment

          Book an Appointment

            Investment Options for RRSP

            Mutual funds
            from bank

            Savings
            account

            Guaranteed Investment Certificates

            Segregated funds from insurance company

            Government and Corporate Savings Bonds

            Securities listed on a designated stock exchange

            Segregated
            funds

            Difference between mutual funds & Segregated Funds​

            Features

            • Professional portfolio
              management
            • Grow your money while
              diversifying risk
            • Liquidity : Easy access
              to your money
            • Estate planning benefits :
              Ability to bypass probate
              and keep financial
              affairs private
            • Potential creditor protection
              for registered accounts
            • Potential creditor protection
              for non-registered accounts
            • A guarantee of the principal
              (or a specified percentage) at maturity or death ²
            • Lock in gains on your investment using resets.

            Segregated Funds

            Mutual Funds

            Occasionally 2,5

            N/A

            N/A

            N/A

            YES

            Get in Touch

            7956 Torbram rd unit 20 Brampton, On L6T 5A2.

            Direct: +1 647-283-6004
            Office: +1 905-499-2703

            dhillonk75@gmail.com

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