Is your child interested in becoming an electrician or a plumber? 💡🔧
Skilled trades can offer strong earning potential and a variety of rewarding career paths.
Here's how a Registered Education Savings Plan (RESP) and the Canada Education Savings Grant (CESG) could help you save for your child's education:
• Contribute up to $50,000 per child, with investments growing tax-deferred
• Receive CESG money: 20% of contributions up to $500 per year, to a lifetime maximum of $7,200
• Use RESP funds for eligible post-secondary programs, including apprenticeships and skilled trades programs
Interested in a savings strategy that could elevate your RESP by $46,000? Check out our case study here: https://www.moneytalkgo.com/supercharging-your-childs-resp/ ​
