Start Saving on Registered education saving plan(RESP) to stop worrying about your child's post-secondary education fee and expense.Approach Zen Plus to know more benefits. For info Visit http://www.zenplus.ca/registered-education-saving-plan/

1. REGISTERED EDUCATION SAVING PLAN
(RESP)

2. WHAT IS REGISTERED EDUCATION SAVINGS PLAN
(RESP)
• A registered education savings plan is an investment
vehicle used by parents to save for their children's post-
secondary education in Canada.
• It is also an tax-sheltered plan that can help you to save
for a child's post-secondary education.

3. BENEFITS OF RESP
• There are many benefits to saving for your child's post-secondary
education with a Zen Plus registered education savings plan
• The money is there when you need it.
• Government contributions
• Tax-sheltered growth
• Flexibility
• Tax savings

4. 5 REASONS TO START RESP
• Reduce the financial burden of your children when they attend post
secondary education
• Get 20% grant from federal government under the Canada
education saving grant up to $500 per year or $7200 for lifetime for
one RESP
• Get tax exception on RESP contribution.
• Not only children -it will also help parents to get rid of financial
burden when their start attending the secondary education.
• Reduce the child’s need to work during the year of education

5. TYPES OF REGISTERED EDUCATION SAVINGS PLAN
A registered education savings plan or RESP can be set up as a family
plan with multiple beneficiaries.
Under a family plan, the beneficiaries must be related to you by blood
or adoption, it may be your children and grandchildren.

6. WHAT IS EDUCATIONAL ASSISTANCE PAYMENTS
(EAPS)?
If the student is enrolled in a post-secondary education program;
bonds, grants and the accumulated income within the RESP can be
paid to the student at subscriber’s responsibility. These payments
are educational assistance payments (eaps).

7. WHAT IF BENEFICIARY OF RESP DECIDES NOT TO
PURSUE POST SECONDARY EDUCATION
You will be having the following options:
• If you are having a family plan, you can assign another beneficiary
to accept the government grants.
• If you are having an individual plan, you might have an option to
name an alternate beneficiary.
• If the plan is 10 years old and the beneficiary has reached 21, the
subscriber can withdraw the earnings. The withdrawn amount will be
considered as taxable income.

8. ZEN PLUS
• Zen plus is working for all those who are willing to get
the benefits by getting registered in resp.
• Thinking time is over and it is the time to take action.
• Hurry up – get connected to Zen plus and register your
RESP
• Contact Jelan Arumuganathan insurance and financial
advisor in Ontario.

9. we are here tohelp you in your time of
need.
Stay connected with us to get
Insurance & Financial Tips :