Hellow guys, Welcome to my website, and you are watching RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners. and this vIdeo is uploaded by Steph & Den at 2022-05-27T16:00:24-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | RESP, Explained - Everything You Need To Know About The Education Savings Account For Beginners |
| Video Uploader | Video From Steph & Den |
| Upload Date | This Video Uploaded At 27-05-2022 23:00:24 |
| Video Discription | The registered education savings plan (RESP) is a registered investment account in Canada that lets you invest money for a kid's post-secondary education. It allows you to grow tax free gains until the kid is enrolled in school, where the income earned is taxed at the kid's rate (so lower than yours!). Basically, it exists to incentivize people to put away money for education, and by the end of this video you'll know everything you need to know about the RESP. Check out the CDIC website for more information about deposit protection and RESPs - https://www.cdic.ca/ 0:00 What is an RESP? 0:45 Benefit 1: The RESP is an investment account 2:44 Benefit 2, Part 1: Canadian Education Savings Grant 5:08 Benefit 2, Part 2: Canada Learning Bond 7:32 What's the RESP contribution limit? 9:34 How to maximize the government contributions 10:57 Withdrawing money from your RESP 12:41 What if the kid never goes to school? 13:51 How CDIC protects your deposits ➡️ Simplii Financial - Our No Fee Checking Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65ad4fc7581176001cb7f1b2 ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/click?id=Xoa5MXyunCM&offerid=1115263.22&bids=1115263.22&type=3&subid=0 ➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($25 bonus) - https://wealthsimple.sjv.io/vnkndW ➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.sjv.io/yRARNB ➡️ Neo Financial - Our Cash Back Credit Card - https://join.neo.cc/stephandden ➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://questrade.sjv.io/AWa9jo ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612d3fe6cb45d3001d5ece04 The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @stephandden Camera - Sony A6400 - https://amzn.to/2vsmDqc Lens - Sigma 16mm - https://amzn.to/2vslvCV Microphones - https://amzn.to/2tSa3jQ Tripod - https://amzn.to/37EAibU Small Tripod - https://amzn.to/2S3dWul External Hard Drive - https://amzn.to/3mQzMlP Our Music - https://www.epidemicsound.com/referral/sd5lrl/ The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. |
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| Tags | Steph & Den | RESP Explained | Everything You Need To Know About The Registered Education Savings Plan For Beginners | RESP Explained For Beginners | Registered Education Savings Plan Explained For Beginners | RESP Canada Explained | RESP Contribution Limit | What Is An RESP | How Does The RESP Work | How Does The RESP Work Canada | RESP Tax Refund | RESP | Registered Education Savings Plan | Everything You Need To Know About RESPs | RESP Explained For Dummies | RESP Mistakes To Avoid |
