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Great registered Education Savings Plan (RESP) to save for your child's higher education.
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REGISTERED EDUCATION SAVINGS PLAN (RESP)
A Registered Education Savings Plan or RESP is an investment vehicle used by parents to save for their children’s post secondary education in Canada. The principal advantages of RESP are the access to the Canada Education Savings Grant (CESG) and a source of tax deferred income.
Following are the benefits of RESP
• 20% Govt. Grants On Contributions Up To $7,200
• $2,000 Canada Learning Bond (CLB)*
• No Enrolment Fees
• 15% Bonus On Contributions**
*based on family income, ** Based on child’s age
SUPER VISA INSURANCE
The parent and Grand Parent Super Visa or popularly known as Super Visa is a temporary visa which allows the parents & grandparents of Canadian Citizens and Permanent Residents to come to Canada for period of up to 2 years. It is valid for up to 10 years. One of the requirement to get a Parent or Grandparent Super visa is to have a valid Insurance from a Canadian Insurance company and which is valid for one year. SUPER VISA Insurance must be issued by a Canadian Insurance Company. Include the necessary health care, hospitalization and repatriation coverage must be valid for one year. Provide a minimum of $100,000 coverage.
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In this section you will find valuable articles on Insurance,RESP,RRSP,Investments and valuable tips.
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