{"id":2399,"date":"2021-09-01T14:31:00","date_gmt":"2021-09-01T14:31:00","guid":{"rendered":"http:\/\/brooklyn.fatmoon.kinsta.com\/?p=2399"},"modified":"2023-05-12T14:59:12","modified_gmt":"2023-05-12T14:59:12","slug":"north-pole","status":"publish","type":"post","link":"https:\/\/jozyam.com\/en\/north-pole\/","title":{"rendered":"What is an RESP?"},"content":{"rendered":"
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\n\t\t\t\t\t\t\t\t\tWhat is an RESP?

\n\nThe Registered Education Savings Plan (RESP) is a program implemented by the government. It is an incentive for savings, as we all know that the cost of living will not decrease. It is better to prepare for it adequately. The good news? In total, it is possible to receive $12,800 in grants for each child.

\n\nThe Government of Canada contributes 20% per month to every dollar invested. If you are familiar with the stock market, have you ever seen investments that give you a 20% return each month?

\n\nThe Government of Quebec also adds its touch once a year: a nice 10% paid on the total contributions.

\n\nI don't have a lot of money. <\/strong>
\n\nNo problem. If your family income is below $47,000, the Government of Canada provides the Canada Learning Bond. It amounts to $2,000 for each child (retroactive as well). The only thing you need to do is ensure that you file your tax returns every year.

\n\nNo obligation to contribute every month. <\/strong>
\n\nIt's true that if you contribute, your child will have a little more money for their education. It's good to do so!

Personnellement, j\u2019ai commenc\u00e9 \u00e0 25 $ par mois pour mon gar\u00e7on et le gouvernement mettait 10 $. Quand on a un faible revenu familial, c\u2019est tr\u00e8s avantageux.\n\nTrois bonnes raisons de le faire :\n