We are passionate about assessing our clients' current and future situations and developing a realistic plan that will achieve their goals.
Whether you’re single, have a family or own a business, we can help you achieve lifetime financial security.
Our plans for children is a “participating” whole life insurance plan providing your child security, flexibility and a head start for any financial need in life including education, down payment on a home or starting a business.
It grows for their education:
With the high cost of education, many parents, grandparents and other family and friends are recognizing the need to save well before the expenses become a reality. Up to a lifetime total of $50,000 per child can be saved. Contributions are not tax deductible, however investment income that’s earned within the plan isn’t taxed until it's withdrawn and it is typically at a lower rate.The federal government can add to your savings with education grants.
When you open an Education Savings Plan, you are eligible to receive the Canadian Education Savings Grant. The CESG matches 20% of annual contributions up to a maximum of $500 per year and $7,200 lifetime limit per child.
A Registered Education Savings Plan is an effective solution if you:
There are two types of RESP: