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Sep 18, 2015

New Education Grant Available!


The Government of Saskatchewan has recently added to the existing 20% RESP contribution from the federal government. The increase of 10% is called the Saskatchewan Advantage Grant for Education Savings Plan (SAGES) program. Now some individuals are eligible for up to 30% contributed to their RESP plans!

A family annually contributing $2,500 into their child’s RESP could receive up to $750 from the government. Over 17 years this would amount to $12,750 from the government if you contributed $42,500.

For more info contact us at info@eurekainvestorguidance.ca to find out how we work.

Check us out on:  TrustedRegina.com Eureka Investor Guidance Kathy Waite

 

RESP, Registered Education Savings Plan is an account set up to hold savings to grow tax free for educational expenses in the future.

 

The Government of Saskatchewan has recently added to the existing 20% RESP contribution from the federal government. The increase of 10% is called the Saskatchewan Advantage Grant for Education Savings Plan (SAGES) program. Now some individuals are eligible for up to 30% contributed to their RESP plans!

 

A family annually contributing $2,500 into their child’s RESP could receive up to $750 from the government. Over 17 years this would amount to $12,750 from the government if you contributed $42,500.

 

In an environment where +4% is a struggle to get in your investments this is a must do at +30% gain when you max out the contributions!!!

 

This new grant is an OPT-IN program; you will not automatically be put into it! You must fill out a new form.

 

For help doing so contact us at info@eurekainvestorguidance.ca to find out how we work.

 

Check out our Cost of School info-graph below! We are proud to announce we are launching a "Cost of" series. If you have anything you'd like us to look into on cost let us know. To come: cost of owning a dog, cost of home ownership, cost of christmas, cost of vacation, and many many more!

(Click for larger image) 

Check us out on:  TrustedRegina.com Eureka Investor Guidance Kathy Waite