Registered Education Savings Plan Etobicoke, Burlington, Ontario

[vc_row isfullwidth=”0″ css=”.vc_custom_1580872015612{background-image: url(http://themegavias.com/wp/enzio/wp-contenthttp://www.rairupinder.ca/wp-content/uploads/2018/07/bg-11.jpg?id=3011) !important;background-position: 0 0 !important;background-repeat: repeat !important;}”][vc_column width=”7/12″ css=”.vc_custom_1531209569714{padding-top: 20px !important;}”][vc_row_inner][vc_column_inner][gva_quotes_rotator items=”%5B%7B%22title%22%3A%22Apply%20for%20Registered%20Education%20Savings%20Plan%20Etobicoke%2C%20Burlington%2C%20Ontario%22%2C%22content%22%3A%22A%20parent%E2%80%99s%20foremost%20worry%20is%20their%20child%E2%80%99s%20future.%20So%20secure%20it%20with%20the%20right%20investment.%5Cn%5CnRegistered%20Education%20Savings%20Plan%20Brampton%20is%20one%20of%20the%20most%20important%20money-saving%20investments%20you%20can%20make.%20It%20is%20an%20investment%20geared%20towards%20saving%20for%20a%20child%E2%80%99s%20education.%5Cn%5CnYou%20may%20know%20the%20basics%20of%20RESP%20and%20how%20it%20can%20help%20you.%20However%2C%20there%20are%20some%20things%20few%20parents%20know%20about%2C%20but%20all%20parents%20should%20know.%5Cn%5CnHere%20are%20five%20tips%20to%20help%20you%20with%20your%20investment.%22%2C%22link%22%3A%22%23%22%7D%5D” max_width=”580px” min_height=”260px”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Smooth documentation” icon=”gv-icon-1015″ description=”All the paperwork would be taken care of by Rupinder Rai and her team. You just have to submit the necessary documents, that’s it!” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Friendly team” icon=”gv-icon-442″ description=”We have a friendly team who can oversee the entire process so it can be done quickly, resolve any queries you might have and help you get the policy issued by the Canadian government.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Emergency expenses” icon=”gv-icon-433″ description=”You don’t need to worry about them, any type of emergency expenses during your parents/grandparent’s stay would be covered in the policy.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Tailored plans” icon=”gv-icon-1011″ description=”Discuss your policy requirements with Rupinder Rai and she can tailor a plan which will meet all your needs.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”5/12″ el_class=”contact-form-full” el_id=”form”][gva_block_heading title=”Send Us A Message Now” style=”style-2″ align=”align-left”]

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[/vc_column][/vc_row][vc_row css=”.vc_custom_1580875756401{background-color: #f5f5f5 !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][gva_block_heading title=”Maximize the Government Grants” align=”align-left” html_tags=”h2″][vc_column_text]RESP contributes 20% of your contribution as Canada Education Savings Grant (CESG) up to CA$2,500 per year. This means that your annual grant entitlement is $500. Take full advantage of the CESG to contribute at least $2,500 every year until your child turns 17. The maximum amount of awards you can receive in a lifetime is CA$7,200.

You can tap into up to $3,200 of free money through the Canada Learning Bond and British Columbia Training and Education Savings Grant. This depends on your child’s age and your net family income.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”7262″ img_size=”full”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875493727{background-color: #ffffff !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image image=”7266″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][gva_block_heading title=”Carry Forward the Unused Grant Entitlement” align=”align-left”][vc_column_text]If you fail to contribute the amount to get the grant in the year, you can carry forward the unclaimed grant. This flexibility makes it easier for you to save as and when your income increases. However, since the maximum grant payment you can get in a year is limited to $1,000, it may take up some time to get back on track.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875756401{background-color: #f5f5f5 !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][gva_block_heading title=”Get Help from Friends and Relatives” align=”align-left”][vc_column_text]Grandparents, aunts, uncles, and friends can also contribute to your child’s Registered Education Savings Plan Etobicoke to help reach the annual $2,500 contribution needed to maximize this grant. The more you contribute, the larger the grants you can get.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”7265″ img_size=”full”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle” css=”.vc_custom_1688559612302{background-color: #ffffff !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image image=”7264″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][gva_block_heading title=”Save up to the Maximum Contribution Limit” align=”align-left”][vc_column_text]The maximum lifetime contribution limit of RESPs is CA$50,000 per beneficiary. You may need only $36,000 to get the maximum CESG of $7,200. However, saving up to the $50,000 limit can maximize tax-benefits and the compounding growth of investments.

This can prove to be of great help as the cost of education keeps growing every year. It is advisable to save as much money as possible without over-contributing.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875765139{background-color: #f5f5f5 !important;}”][vc_column][vc_row_inner css=”.vc_custom_1688559519894{padding-bottom: 30px !important;}”][vc_column_inner width=”1/2″][gva_block_heading title=”Plan for Tax Benefits while Withdrawing Your RESP” align=”align-left”][vc_column_text]It is advisable that you structure your withdrawals in a way that reduces taxes. When your children enroll in a post-secondary institution, get them to withdraw the cash as Educational Assistance Payments (EAPs). The EAPs are usually taxable but at a low rate because students have no income.

And since the withdrawals of contributions are non-taxable, you can effectively spread them out to pay no tax.

Feel free to contact us to learn more about Registered Education Savings Plan Burlington and how to make the most of it.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”7263″ img_size=”full”][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1688559557237{padding-top: 50px !important;}”]

Why Super Visa Insurance Mississauga is worthy?
Schedule and appointment with Rupinder Rai today for Super Visa Insurance in Mississauga.
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[/vc_column_text][/vc_column][/vc_row][vc_row fullwidth=”0″ css=”.vc_custom_1580875628169{margin-top: -40px !important;}”][vc_column][gva_block_heading title=”What Our Customers Say” style=”style-2″ subtitle=”Tesimonials”][vc_column_text][trustindex no-registration=google][/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1660236547355{margin-top: -40px !important;}”][vc_column][gva_block_heading title=”Super Visa Insurance” style=”style-2″ subtitle=”FAQs”][vc_tta_accordion][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Should I hire an insurance broker in Brampton for Super Visa Insurance?” tab_id=”1660235979145-ecbee8b4-6125″][vc_column_text]There are several benefits of hiring an insurance broker for your super visa insurance; some of them are:

    • They can help you customize the insurance policy
    • You can benefit from a lower premium rate
    • There will be more than one plan for you to choose from

So, hiring a broker can make your life easy when choosing a Super Visa Insurance in Brampton, but in the end, it will be up to you if you want to hire one.[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Can I add pre-existing medical conditions to my super visa insurance?” tab_id=”1660235979167-b189e036-f7d2″][vc_column_text]You can ask your insurance broker to add all pre-existing medical conditions to the contract. If you do this, you will have coverage for these conditions during your stay in Canada?[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Can I pay for my Super Visa Insurance on a monthly basis?” tab_id=”1660236168893-113c1e5c-6bc1″][vc_column_text]

There are monthly payment options available for Super Visa Insurance, as well as bi-annual options. You can speak with us to know more about the super visa insurance in Brampton.

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If there are no claims made on your Super Visa Insurance during your stay in Canada, you will be eligible for a partial refund on your insurance premium. Speak with your insurance broker for further details.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”Why can’t I opt for a domestic insurance company?” tab_id=”1660236248137-8a57d60a-7a87″][vc_column_text]

When you are staying in Canada, there is a chance that your domestic insurance company will not be recognized by medical care centers or hospitals here. Additionally, Canadian hospitals know how payment transactions work with reputable insurance companies. That’s why you should choose a Canadian insurance company for your Super Visa Insurance. Also, it is mandatory, and not doing so might lead to the rejection of your visa application.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”What if I want to cancel my Super Visa Insurance?” tab_id=”1660236295999-b5106839-585d”][vc_column_text]

In the situation your parent or grandparent is not visiting Canada, you will have the option to cancel this policy. In doing so, only the application processing fee will be deducted, and you will get a full refund on the balance amount.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”What is a deductible in Super Visa Insurance?” tab_id=”1660236317979-3325ae6a-2106″][vc_column_text]

The deductible is the amount you pay yourself for any required medical services before the insurance company. If you add a deductible option, that means you agree to cover some expenses yourself. This amount would be of your choosing.

[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-hand-o-right” add_icon=”true” title=”What are the medical conditions covered under Super Visa Insurance?” tab_id=”1660236380211-a5764554-ceb8″][vc_column_text]Several medical conditions and treatments come under coverage with Super Visa Insurance. These are:

  • Accidents
  • Emergency room visits
  • Surgery
  • Hospital stays
  • Nursing services
  • Dental care
  • Emergency room visits and more.

[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row][vc_row row_space=”remove_padding” css=”.vc_custom_1580875677464{margin-top: 30px !important;margin-bottom: 50px !important;}”][vc_column][gva_block_heading title=”Blog” icon=”gv-icon-619″ subtitle=”NEWS” desc=”Learn more about the services we offer”][gva_blogs_carousel items_lg=”3″ items_md=”3″ items_sm=”2″ items_xs=”2″ ca_pagination=”0″ show_excerpt=”true” loop=”size:4|order_by:date|post_type:post”][/vc_column][/vc_row]