THE SOONER YOU START SAVING, THE FASTER YOUR MONEY GROWS.
With an RESP, you can take advantage of the incredible power of tax-deferred savings. Three simple steps can make a huge difference:
- Plan;
- Start early; and
- Save regularly.
Just look at the results.
Starting later means less money for your child's education - even if you contribute twice as much each month.
.JPG)
Assumptions: Contributions are made at the beginning of each month. No fees are included in this illustration. Income growth is compounded at a rate of 5% per year. CESG is calculated at a rate of 20% of contributions. Numbers are rounded to the nearest $10.