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Get a quote nowIt would be an honor to help you or someone you know with their insurance needs! From whole life, trerm, critical illness, travel, RESP, and financial services, I am here to help! Feel free to reach out to me any time. I take my role as Trusted Advisor very seriously and will always do the right thing for you or your referrals. With over 400 lives insured, I am always looking for great new familes to help, and take care of their family members and referral partners!
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An RESP is a tax shelter, designed to benefit post-secondary students. With an RESP, contributions (comprising the investment's principal) are, or have already been, taxed at the contributor's tax rate, while the investment growth (and CESG) is taxed on withdrawal at the recipient's tax rate. An RESP recipient is typically a post-secondary student; these individuals generally pay little or no federal income tax, owing to tuition and education tax credits. Thus, with the tax-free principal contribution available for withdrawal, CESG, and nearly-tax-free interest, the student will have a good source of income to fund his or her post-secondary education.
TAMI ARONOV
One Loogic Corp.
David Buriev
Susan Skelton
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