RESPs
Registered Education Savings Plan (RESP)
Will your children be able to afford a post-secondary education?
The current cost of four years of post-secondary education is about $53,081.
In 18 years, this will rise to $107,532 if education costs increase by 4% per year and to $225,081 if costs increase by 8% per year.
RESPs are an excellent way to save for your child's education. They are a tax sheltered investment and include incentive grants from the government. Unity Credit Union offers RESP plans as an agent for Concentra Financial Inc. and there are a number of investment options available. More
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Credential Financial Strategies Inc. offers financial planning, life insurance and investments to members of credit unions and their communities.