Did you know... Post-secondary degree holders earn 39% more on average than those without a post-secondary education!
How to ensure your child has funds for higher education after high school.
Post-secondary education can be expensive! An RESP allows your child to receive their Children's Government Education Grants. With more than 60% of Canadian families registered and taking advantage of their education grants available, are you?
Every parent wants success for their child.
By 2024 more than 6 million new jobs will be created, two-thirds of which will require college, university or some form of post-secondary education. Will your child have the funds to attend the field of study they want to pursue? With up to $10,400 in RESP education benefits reserved for Canadian children, an RESP can ensure that they do!
The Federal Government gives a minimum 20% match to your savings. Lower to mid-income families may also qualify for the CLB and ACESG. For children residing in BC who are under nine years of age, they will receive the BCTESG once they turn six.
You don't pay tax on any investment earnings as long as they stay in the RESP. That means your savings can grow faster. Investment earnings come from your savings contributed and on the grants received.
Anyone can set up an RESP for our child - not just you. Your child's RESP can grow more quickly with contributions from friends and family.
If your child chooses to defer their education plans after high school, they can still use the RESP money when they are ready.
The Flex First RESP is designed for full and part-time post-secondary anywhere in the world. RESPs cover university, college, trade schools, and apprenticeship programs.
RESPs are transferrable between siblings, so if one child does not use all or any of their RESP, it can be moved easily. *Additionally, the RESP can be transferred to your RRSP or taken out for your personal use.
* Talk to an RESP specialist about RESP transfer rules.
Registration can be completed in-person or online.
Once registered, you will have online access to your RESP.
Changes can be made to your RESP savings easily through your online access, or by contacting your assigned agent.
Once registered, you will have an assigned agent to assist you over the years to ensure all eligible grants are received.
Registration can now be completed through an online appointment using a computer, smartphone, or tablet.
For busy families, they can watch the introductory video that covers the Government Education Grants, RESPs, and FAQs.
Book an appointment.
Chose the assistance you need from the calendar options below.
Knowledge First Financial understands the challenges families are facing all across the country during this time. That’s why we want to help you score some parenting wins today — and education wins tomorrow. Open an RESP and get an activity box from Curiosity Box Kids* Click below to learn more!
*Terms and conditions apply.
Learn more about your child's education grants, or use the calculater to design your savings plan based on your budget and goal.
Robin Saba
Knowledge First Financial not-for-profit
RESP sales representative (Licensing Credentials)
RESP & Education Grants Specialists
(604) 557-3934
