Advisors have an opportunity to help clients fund a child’s post-secondary education
Heritage Education Funds improve compliance systems
Many Canadian parents remain unaware of the government grants available to them
There are several ways to increase savings for education after RESP limits have been reached
Many clients will appreciate your help navigating the challenges of saving for post-secondary education
Remind clients of the benefits of contributing to RESPs
Families must open an RESP before a child turns seven to access $1,200 grant
The cost of a four-year university degree could rise to more than $140,000 for a child born in 2012
Confusion reigns about the rules of RESPs
More than 90% of parents are unaware of what types of investments can be held in an RESP