RESP Tips for Newcomers to Canada Global RESP Corporation 2016-11-08 04:09:15 Blog

RESP Tips for Newcomers to Canada

RESP TipsEducation Savings Plan Tips for Canadian Newcomers

When it comes to getting a post-secondary education, Canada is home to some of the top universities and colleges in the world, and deciding which post-secondary institution to enroll in can be daunting. Saving for your child’s education can also feel overwhelming. Fortunately, there are Federal and Provincial education plans designed to make obtaining a Canadian post-secondary education affordable. The catch is that Canadian newcomers need to be aware of the different programs in order to participate in them. In Canada, there is no federal department of education or national system of education. Instead, each province or territory has its own system. While the education systems are very similar, there are some variations.

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How Much Will Your Post-Secondary Education Cost?

Education LoanGraduating from high school and pursuing a post-secondary education is the best way to maximize your career options and professional opportunities. But getting a post-secondary education can be costly.

Canadian parents have become increasingly worried about saving money for their children’s higher education. While nearly half of Canadians believe it’s important to begin saving early, the vast majority of parents don’t believe they are saving enough for their kid’s post-secondary education. Continue reading