The Quebec Education Savings Incentive (QESI) is now available to clients who hold eligible TD Waterhouse Registered Education Savings Plan (RESP) accounts, TD Waterhouse Canada Inc. said Monday.The QESI was introduced by the Quebec government in 2007 to help families save for their children’s and grandchildren’s post-secondary education. The incentive is a refundable tax credit […]
Many parents are unfamiliar with RESPs or believe they can’t afford them
Most parents want to pay for their children’s post-secondary education, but many don’t have a plan
Majority of post-secondary students expect to graduate with debt, survey finds
Taking advantage of the key benefits of an RESP and sticking with the plan are fundamentally important
Lower income Canadians can benefit from Canadian Education Savings Grants
Improved disclosure, stronger suitability requirements needed
QESI adds $720 in savings to parents
Proposal includes plain language plan summary
Advisors can help parents maximize tax savings