Applicants must be between 18 and 65 years old.
About Us
At Sanket Gandhi - Insurance and Financial Advisors in Ontario, we stand by you as your well-wishers during challenging times.
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Registered Education Savings Plan Services in Ontario
Invest in Your Child’s Dreams with an RESP!
Secure your child’s future with a Registered Education Savings Plan in Ontario (RESP) from Sanket Gandhi Insurance Company. An RESP allows you to save for your child’s education while benefiting from tax-deferred growth and government grants. Start investing in their dreams today and give them the financial head start they deserve in Ontario.
An Overview of Registered Education Savings Plan
A Registered Education Savings Plan (RESP) helps parents save for their child’s college or university. The government even adds extra money through grants. Your savings grow tax-free, and withdrawals are taxed in your child’s name, usually at a lower rate. It’s a smart way to plan for education costs.
Compare and Choose Your Plan
A Registered Education Savings Checklist
To get started with your Registered Education Savings Plan services in Ontario,
please ensure you meet the following requirements:
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Provide details about your medical history and any current health conditions.
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Must be a resident of Canada, with coverage options varying by province.
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Proof of address like utility bill, bank statement, or lease agreement.
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Recent pay stubs, tax returns, or bank statements.
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Completed health assessment form, if required.
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Non-smokers may receive better rates; certain lifestyle choices (like extreme sports) may influence eligibility.
Our Working Process
Your Journey with Us
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Initial Consultation
We begin with a detailed discussion to identify your financial objectives and concerns
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Thorough Assessment
We will analyze your existing coverage and financial landscape
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Strategic Solutions
We provide custom insurance and financial plans recommendations
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Proactive Support
We offer unwavering support and regular check-ins to ensure ongoing satisfaction
FAQs
Registered Education Savings Plan Services FAQs
What is an RESP?
A Registered Education Savings Plan (RESP) is a tax-advantaged savings account designed to help families save for a child’s post-secondary education.
Who can open an RESP?
Any Canadian resident can open an RESP, including parents, grandparents, or other relatives of the child.
What is the process for setting up an RESP?
To set up an RESP in Canada, you need to choose a provider, fill out the application, and provide the beneficiary’s information and any required identification.
