Save money for your child’s future – Learn how!
Inan exciting project for the English-speaking communities of Québec, Actions interculturelles de développement et d’education (AIDE) is offering free information sessions on Registered Education Savings Plans (RESPs): what they are, how to access free government money and how to make sure you find the right plan for your family while protecting your money.
We all love our children and want them to be successful but it can seem impossible to ever afford college, university or apprenticeship programs. However, you don’t have to be rich to open an educational savings account called an RESP: there is up to $2000 in government money for low-income families to use to open an RESP! At all income levels, the government matches any contributions you make. For example: for every $10 you put into an RESP, the government will put in between $3 and $5.
The sessions, taking place in towns big and small, will give objective information about all types of plans, the free government money available to help you save and tips for protecting yourself when you meet with someone who sells RESPs. Did you know that grandparents, aunts and uncles and family friends can open RESPs for a child too? Plus, anyone who comes to an info session and then opens an RESP will be entered into a draw to win $500 with which to start their saving!
On Saturday, October 29th, from 4:00 to 5:00, a free session will take place at the Haskell Free Library, in Stanstead. There are also sessions coming up next month, in Lennoxville, at the Women’s Centre and at Townshippers’ Association.
“Investing in an RESP can be complicated. I’ll explain it in easy to understand terms, keep it basic. It’s about helping people to take advantage of the program and not let themselves be taken advantage of when it comes to investing in RESP’s,” comment-
Claire Holt, of AIDE, will present the RESP information at the free information sessions.