Registered Education Savings Plan (RESP)
Assets can grow tax-deferred, and government grants can further enhance the savings for a child's future.
Wealth management products and services offered by:
Registered Education Savings Plan (RESP)
Assets can grow tax-deferred, and government grants can further enhance the savings for a child's future.
Wealth management products and services offered by:
Registered Education Savings Plan (RESP)
Assets can grow tax-deferred, and government grants can further enhance the savings for a child's future.
Wealth management products and services offered by:
An RESP offers tax-sheltered growth and incentives for education savings
Tax-Deferred Growth Potential
Investment income and government grants compound tax-sheltered within the plan. Taxes are deferred until funds are withdrawn, typically when the student is in a lower tax bracket.
Government Grant Incentives
The federal CESG matches 20% of annual contributions up to $500, with a $7,200 lifetime cap. Lower-income families may also receive the Canada Learning Bond.
Versatile Educational Objectives
Funds cover tuition, housing, and books for universities, colleges, trade schools, or apprenticeships. The plan remains open for 35 years to accommodate various educational paths.
An RESP offers tax-sheltered growth and incentives for education savings
Tax-Deferred Growth Potential
Investment income and government grants compound tax-sheltered within the plan. Taxes are deferred until funds are withdrawn, typically when the student is in a lower tax bracket.
Government Grant Incentives
The federal CESG matches 20% of annual contributions up to $500, with a $7,200 lifetime cap. Lower-income families may also receive the Canada Learning Bond.
Versatile Educational Objectives
Funds cover tuition, housing, and books for universities, colleges, trade schools, or apprenticeships. The plan remains open for 35 years to accommodate various educational paths.
An RESP offers tax-sheltered growth and incentives for education savings
Tax-Deferred Growth Potential
Investment income and government grants compound tax-sheltered within the plan. Taxes are deferred until funds are withdrawn, typically when the student is in a lower tax bracket.
Government Grant Incentives
The federal CESG matches 20% of annual contributions up to $500, with a $7,200 lifetime cap. Lower-income families may also receive the Canada Learning Bond.
Versatile Educational Objectives
Funds cover tuition, housing, and books for universities, colleges, trade schools, or apprenticeships. The plan remains open for 35 years to accommodate various educational paths.
Understanding the RESP Account
Who could open an RESP?
The RESP is ideal for parents, grandparents, or friends who want to save for a child’s education. It is suitable for those seeking to maximize savings through government grants while benefiting from tax-sheltered investment growth.
Lifetime Contribution Limit
The maximum lifetime contribution is $50,000 per beneficiary. There is no annual limit on how much you can deposit.
Annual Grant Limit
The Canada Education Savings Grant (CESG) matches 20% on the first $2,500 of annual contributions, providing up to $500 per year.
Indefinite Carry-Forward Unused Grant Room
Unused grant room carries forward. You can catch up by contributing up to $5,000 in a single year to receive a $1,000 grant.
35-Year Account Life
If the beneficiary doesn't pursue education, original contributions are generally returned to the subscriber tax-free.
Understanding the RESP Account
Who could open an RESP?
The RESP is ideal for parents, grandparents, or friends who want to save for a child’s education. It is suitable for those seeking to maximize savings through government grants while benefiting from tax-sheltered investment growth.
Lifetime Contribution Limit
The maximum lifetime contribution is $50,000 per beneficiary. There is no annual limit on how much you can deposit.
Annual Grant Limit
The Canada Education Savings Grant (CESG) matches 20% on the first $2,500 of annual contributions, providing up to $500 per year.
Indefinite Carry-Forward Unused Grant Room
Unused grant room carries forward. You can catch up by contributing up to $5,000 in a single year to receive a $1,000 grant.
35-Year Account Life
If the beneficiary doesn't pursue education, original contributions are generally returned to the subscriber tax-free.
Understanding the RESP Account
Who could open an RESP?
The RESP is ideal for parents, grandparents, or friends who want to save for a child’s education. It is suitable for those seeking to maximize savings through government grants while benefiting from tax-sheltered investment growth.
Lifetime Contribution Limit
The maximum lifetime contribution is $50,000 per beneficiary. There is no annual limit on how much you can deposit.
Annual Grant Limit
The Canada Education Savings Grant (CESG) matches 20% on the first $2,500 of annual contributions, providing up to $500 per year.
Indefinite Carry-Forward Unused Grant Room
Unused grant room carries forward. You can catch up by contributing up to $5,000 in a single year to receive a $1,000 grant.
35-Year Account Life
If the beneficiary doesn't pursue education, original contributions are generally returned to the subscriber tax-free.
Align your savings with your values
Start investing the halal way—anytime, anywhere. Access your portfolio, track performance, and build your wealth with confidence.
Investment fund and portfolio management services are provided through Corex Financial Inc.
Align your savings with your values
Start investing the halal way—anytime, anywhere. Access your portfolio, track performance, and build your wealth with confidence.
Investment fund and portfolio management services are provided through Corex Financial Inc.
Align your savings with your values
Start investing the halal way—anytime, anywhere. Access your portfolio, track performance, and build your wealth with confidence.
Investment fund and portfolio management services are provided through Corex Financial Inc.
Even more ways to grow your wealth
Disclaimer
Corex Financial Inc. ("Corex") offers wealth management products and services to Manzil customers. Corex Financial Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Ontario, British Columbia, Alberta, Newfoundland and Labrador, and Quebec. Assets in your Corex accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). All trademarks are the property of their respective owners. Corex will determine what investments are suitable for you.
This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
Your capital is at risk with any type of investment. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
This information is for educational purposes. Should any conflict arise between the information presented here and the official CRA website, the CRA website is considered the correct source. Please consult with a licensed representative for further assistance.
Investment fund and portfolio management services are provided through Corex Financial Inc.*
Disclaimer
Corex Financial Inc. ("Corex") offers wealth management products and services to Manzil customers. Corex Financial Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Ontario, British Columbia, Alberta, Newfoundland and Labrador, and Quebec. Assets in your Corex accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). All trademarks are the property of their respective owners. Corex will determine what investments are suitable for you.
This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
Your capital is at risk with any type of investment. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
This information is for educational purposes. Should any conflict arise between the information presented here and the official CRA website, the CRA website is considered the correct source. Please consult with a licensed representative for further assistance.
Investment fund and portfolio management services are provided through Corex Financial Inc.*
Disclaimer
Corex Financial Inc. ("Corex") offers wealth management products and services to Manzil customers. Corex Financial Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Ontario, British Columbia, Alberta, Newfoundland and Labrador, and Quebec. Assets in your Corex accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). All trademarks are the property of their respective owners. Corex will determine what investments are suitable for you.
This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
Your capital is at risk with any type of investment. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
This information is for educational purposes. Should any conflict arise between the information presented here and the official CRA website, the CRA website is considered the correct source. Please consult with a licensed representative for further assistance.
Investment fund and portfolio management services are provided through Corex Financial Inc.*