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Why should I open a Registered Education Savings Plan (RESP)?

If you open an RESP, the Government of Canada will help you save money through the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB). They are only available for your child if you open an RESP.

For example, beginning in 2007, the annual CESG available for each RESP beneficiary can be as much as $500.00 with the maximum life-time amount of grant money available set at $7,200.00. This is a huge benefit for anyone wishing to pursue their education.

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