Smart Savings for a Bright Future
RESP – Secure Your Child’s Education
What is an RESP?
A Registered Education Savings Plan (RESP) is a tax-advantaged savings account designed to help parents save for their child’s post-secondary education. Contributions grow tax-free, and government grants can boost savings, making it one of the best ways to fund higher education.
How an RESP Works
At Sorrento our culture comes to life through three core values:
Tax-Free Growth – Investment earnings grow without taxes until withdrawal.
Government Grants – Get up to $7,200 in Canada Education Savings Grants (CESG).
Flexible Investment Options – Invest in GICs, mutual funds, stocks, or bonds.
Withdraw for Education – Funds can be used for tuition, books, and living expenses.
Benefits of an RESP
Government Matching Contributions
For every dollar you contribute, the government may match up to 20% through the CESG, increasing your savings.
Tax-Free Investment Growth
Your RESP investments grow tax-free until your child withdraws them for education, helping savings grow faster.
Use Funds for Various Expenses
RESP savings can cover tuition, books, housing, and other school-related costs.
Secure Your Child’s Future
A well-funded RESP helps your child graduate with less debt and more opportunities.
Why Choose Chataway-Hutchison for Your RESP?
1
Maximize Government Grants
We help you access all available contributions.
2
Flexible Investment Strategies
Plans tailored to your child’s education timeline.
3
Expert Guidance
Navigate RESP rules and withdrawals with ease.
Start Saving for Your Child’s Future Today
Give your child the best possible start with a well-structured RESP. Contact Chataway-Hutchison to explore your options.