A Registered Education Savings Plan is an account designed to help save for a child’s post secondary education. The investment grows with the taxes deferred until withdrawal.

The biggest incentive to contribute to a RESP is that the government will contribute at least an additional 20% to the plan.

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Activities including but not limited to insurance, insurance planning, financial planning, tax planning, estate planning and tax preparation services may be undertaken by agents of Planmar Financial Corp., but are neither the business nor the responsibility of Planmar Financial Corp. Insurance products will be provided through Planmar Insurance & Tax Services Corp.