Save today for their tomorrow!
A Registered Education Savings Plan (RESP) is a vital tool in boosting long-term savings plan that helps save for a child’s or young adult’s post-secondary education, including trade schools, colleges, universities, and apprenticeship programs.
As part of Calgary’s Aspire Collaborative, Carya offers RESP support to parents, caregivers, and young adults looking to save for future education. Studies indicate that investing in a child’s education fund is linked to enhanced child development, heightened educational and career aspirations, and increased financial readiness for the future.
What to expect?
We want you to feel empowered and equipped with the knowledge, skills, and confidence to make informed financial decisions for you and your child(ren). Our financial wellness team members provide individualized support, meeting you where you’re at in the process of opening up a Registered Education Savings Plan and answering any questions you may have.
You will learn:
- Where and how to open a RESP.
- Which type of Registered Education Savings Plan is best for your child(ren)/family.
- How to make the most of funds for your child(ren)’s education.
- Where to go if you need more help.
Is the RESP support for me?
MUST BE CANADIAN CITIZENS OR PERMANENT RESIDENTS
Carya’s RESP Support is for parents/caregivers who want to save for their child(ren)’s post-secondary education or any young adult between the ages of 18 and 21 who wants to use this benefit for their post-secondary expenses.
DID YOU KNOW? Grandparents and family friends are also able to open a no-fee Registered Education Savings Plan to save for a child’s future.
Is there a cost?
There is no cost associated with receiving RESP support at Carya. Families can receive up to $2000 free from the Canadian government by opening a registered education savings plan.
For more information and/or support, call 403-536-6558 or email FinancialWellness@CaryaCalgary.ca
Join us for Financial Literacy Month at Carya’s RESP sign-up event and get $20 for each RESP account opened!
Carya staff, bank employees, Service Canada, and Canada Revenue Agency representatives will be available at the event to offer support and information.
*To open an RESP, you and your child will need a Social Insurance Number. If you need to get a Social Insurance Number you will need to bring other documentation. Please contact AdminVC@CaryaCalgary.ca for more information about the necessary documentation.
When: November 5, 2024
Time: 12:30 pm – 4:30 pm
Where: Village Commons – 610 8 Ave S.E.