Harpreet Rana Insurance Advisor harpreetrana@punjabinsurance.ca
Harpreet Rana Insurance Advisor Call Toll Free: 1-888-299-7377 Toronto Cell: 416-871-3571 British Columbia: 604-996-6868
Calgary : 403-404-6060 Edmonton : 780-819-8181 Winnipeg : 204-979-5060 Saskatchewan : 306-700-5000

Registered Education Savings Plan



Canada Education Savings Grant

The Canada Education Savings Grant (CESG) is provided to complement RESP contributions, wherein the government of Canada contributes 20% of the first $2,500 in annual contributions made to an RESP. After changes introduced in the 2007 Canadian federal budget, the government may contribute up to $500 per year to a participating RESP. This income is available upon withdrawal from the RESP by a post-secondary recipient, with a maximum lifetime contribution of $50,000. Any contributions over this amount are subject to taxation. The government grants introduced in 2005, entitled Additional CESG, allowed an additional 10% or 20% for a total of an extra 30 or 40 cents on each dollar of the first $500 contributed to an RESP, depending on the family income of the beneficiary's primary caregiver. An application is made through the promoter of the RESP, which is often a bank, mutual fund company or group RESP provider
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You can find me on 7003 Steeles Ave. W Unit 10 Etobicoke, in Ontario M9W 0A2

If you need any Information regarding any Insurance I would be happy to help.

icon 1 7003 Steeles Ave. W Unit 10 Etobicoke,Ontario M9W 0A2

icon 2 Toll Free: 1888-299-7377 Cell: 416-871-3571

icon 3www.Harpreetrana.com

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Harpreet Rana from Punjab Insurance Inc. is very informative and patient, and has great customer service. She was able to save me a lot of money off my premium and I still have great coverage. Thank you very much I definately recommend Harpreet Rana to all my friends and family.