Post-secondary tuition fees are rising annually. Starting an MD Registered Education Savings Plan (RESP) is an excellent way to ensure that the needs of your child or grandchild are covered and reduce the impact of education costs on you in the future.
An MD advisor can assist you in developing an RESP suited to the needs of your children. They will introduce you to the MD Family of funds which provide stellar long term performance necessary to meet your child's future educational needs. They will also help you understand how an RESP fits within your overall investment plan.
The benefits of an MD RESP
Automatic government grants
- up to a maximum of $500/year, per child (equal to 20% of assisted contributions (maximum of $2,500) to the RESP)
Tax deferral on investment earnings in the plan
Flexibility of a family plan
- allowing the grants to be transferred among beneficiaries who haven't reached their lifetime grant limit, if a child does not pursue post-secondary education
Diversification through the MD family of funds
- managed by some of the world's best investment managers
- low MERs ensure that more of your money is working for you
Exceptional investment advice from your MD advisor
Easy to start
- a convenient process - all paperwork is available through your MD advisor
- as little as $25 a month
Locate the MD office nearest to you or contact your MD advisor to obtain your RESP package and start saving today.
