Education

Ensure your child has the means to go as far as possible

Higher Education is Expensive

The average tuition for undergraduate (bachelor's degree) students for the 2016 – 2017 school year in Canada was $6,373 (up 2.8% compared to the previous year) and $2,851 in Quebec.

Add on housing and living costs if your child attends an institution outside of your home town.

It’s no secret that some young graduates enter the job market with a considerable amount of debt.

Registered Education Savings Plan

The Registered Education Savings Plan (RESP) is an investment option that allows you to set aside money to secure a bright future for your children and or grandchildren.

Under this plan, your contributions grow on a tax sheltered basis and entitle you to significant government grants, which effectively accelerate the growth of your assets.

Source: Statistics Canada, 2016-17 University tuition fees, September 7, 2016