Post-secondary costs keep rising; an RESP helps you stay ahead with government support. Families in Burlington, Hamilton, Niagara, and St. Catharines trust Lifex Insurance to structure RESPs that maximize grants and suit their timelines.
Why RESPs
- Canada Education Savings Grant (CESG): 20% on contributions (annual and lifetime caps).
- Tax-deferred growth inside the plan.
- Flexible beneficiaries and transfer rules (within guidelines).
Our service
- 1.Plan setup: Choose individual or family plans; confirm grant eligibility.
- 2.Investment mix: Age-based or custom portfolios that adjust risk as kids grow.
- 3.Maximize grants: Scheduling contributions to capture full CESG and carry-forward room.
- 4.Withdrawal planning: Education Assistance Payments (EAPs) vs. capital return, tax considerations.
Why Lifex Insurance
- Clear guidance on grants, bonds, and contribution strategies.
- Transparent fees and diversified investment options.
Result: A disciplined education fund that grows alongside your child.