Education & Disability Savings

Click the link below to download our RESP brochure:

Those who wish to obtain a post secondary education are confronted with the daunting task of being able to afford to pursue those dreams. Besides tuition, there is the cost of rent, books, food and technology requirements to consider. Typically, the student will take out loans to help meet some of this cost and likely take on a part-time job as well. An RESP can help to cushion this cost and the earlier that you start an account for your child / children, the more time you have to grow the investment. Let Querencia Wealth help you to meet your goals.

Click the link below to download our RDSP brochure:

The government of Canada created the RDSP (Registered Disability Savings Plan) as a savings plan to help parents and others save for the long-term for a person who is eligible for the Disability Tax Credit. It allows for contributions to be made to the plan until age 59 up to a maximum $200,000. While the contributions are not tax deductible, any growth within the plan grows on a tax-deferred basis. The beneficiary of the plan is also eligible for government grants known as CDSG (Canada Disability Savings Grant) within the plan up to age 49. The lifetime limit of government contributions is $70,000. Lower income families who have dependents with disabilities may also also qualify for the Canada Disability Savings Bond (CDSB) which can pay up to $1,000 per year up to a lifetime maximum of $20,000 per beneficiary.