RESP Links

Revenue Canada

Learn More about...

How RESP's can work for you

Canada Education Savings Grant

Who can contribute to the plan

How much you can contribute

What Happens if...

Child does not attend a post-secondary institution

I have to stop my regular contributions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Welcome to RESP-NB

"Your Information Source for Registered Education Savings Plans 

in New Brunswick"

Did you Know...

Your child's post-secondary education could cost you 

up to $70,000*

and...

You have less than 18 years to come up with it.

*Total Education Costs (4-year program)

Years to save

1

5

10

15

Tuition Only

$18,057

$21,950

$28,012

$35,752

Tuition plus 

room & board

$38,318

$44,753

$54,449

$66,400

This chart is based on a 5% inflation rate for tuition and a 3% inflation rate for room & board

Benefits of RESP's

You contribute to your child's education

Government matches up to 20% of your total deposits (max $2,000/yr)

Your deposits grow tax sheltered while in the RESP

Minimum contribution of $25/month

 

If your child does not attend a post-secondary institution,

 your total deposits are returned to you tax free

 

 

Take a look at the PowerPoint presentation below on the Diploma RESP package available through Industrial Alliance and ARC Financial Group Ltd.

Industrial Alliance Presentation

If you would like to know more about RESP's and how they can help you, please do not hesitate to contact us at:

info@arcfinancial.ca

or call

1-800-616-1631

This site was designed by ARC Financial Group Ltd. to help you better understand how investing in RESP's can help your children achieve their educational goals, while helping you reach your financial goals