If you’re like most Canadian families with children, you should have already received your first Canada Child Benefit (CCB) payment from the Government of Canada.
With the new CCB, most families will see an increased monthly benefit that is now based on annual family income, number of children, and a child’s age. So for example, families with less than $30,000 in annual net income receive $6,400* per year ($533 monthly) for children under 6 years old and $5,400* per year ($450 monthly) for children ages 6 to 17. It may be tempting to spend your monthly CCB on a family vacation or something short-term, but before you do that, find out how much of a difference a boost to your Registered Education Savings Plan (RESP) can make! By contributing just a fraction of your monthly CCB into your child’s RESP, your child’s future will be brighter and easier. See the Jones family example and how a Global Plan can help them:
About Global RESP Corporation
Global RESP Corporation (GRESP) is one of the recognized Scholarship Plan Dealers and providers of Registered Education Savings Plans (RESPs) in Canada since 1998. GRESP is the primary distributor of the Legacy Education Savings Plan (LESP) and the Advanced Education Savings Plan (AESP), offered by Full Prospectus through registered Dealing Representatives across Canada. Our Dealing Representatives embody decades of RESP experience and aim to provide clients with quality and trusted services, while helping families save for their child’s future education. For further information, contact email@example.com or visit www.GlobalRESP.com.