Registered Education Savings Plans (RESP) - Hamon Financial

Let the advisors at Hamon Financial Group show you how to build a tax-sheltered fund to finance a child’s post-secondary education. A registered education savings plan (RESP) is the ideal financial vehicle to meet the job market’s education requirements and help you defray mounting education costs.

Who is eligible to start and RESP
Any person who is concerned about the future of education of a child.

Features and Advantages

Individual Plans
You may designate a child, grandchild, nephew, niece, etc. as the beneficiary of an individual plan. There is no restriction on the relationship between the child and you.

Family Plans
For family plans, the beneficiaries must be related to the subscriber by blood or adoption.

In Addition

  • You are eligible for a government grant of up to $7,200, or 20% of your annual contributions to the plan (up to a maximum of $500 per year).
  • You may change the plan beneficiary
  • Your protection against financial market fluctuations may attain and even exceed 100% of the capital invested.



 
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