Registered Education Savings Plan (RESP)

Yes. Every situation is unique.Whether you are at the beginning of your career, a parent, a future homeowner, an entrepreneur or approaching retirement, we take the time to understand your reality and your plans.Our approach is based on listening, financial planning and long-term support to help you make decisions that are aligned with your life goals.

You don't need to wait until you have significant assets or a major life event to consult a financial security advisor. Many people choose to seek guidance when they want to better structure their finances or prepare for a major project.It can be helpful to meet with an advisor, particularly in situations such as:The beginning of your professional careerBuying your first propertyThe birth of a childStarting a businessA change of jobPreparing for retirementA review of your insurance coveragePlanning multiple financial projects simultaneouslyEven in the absence of a specific event, a meeting can provide an opportunity to review your current situation and verify whether your strategies remain aligned with your objectives.At Actif santé financière, we believe that effective support is based on a long-term relationship. That's why we conduct several follow-ups throughout the year to adjust strategies as needed and help you stay aligned with your life goals.Are you wondering if it's time to take stock of your situation? Contact our team to discuss your goals and discover solutions that might fit your reality.

The term "financial advisor" is frequently used to refer to a professional who helps individuals, families, and entrepreneurs make informed financial decisions.However, this security is not regulated in the same way as certain securities recognized by the Autorité des marchés financiers (AMF).The financial security advisor possesses the certifications and authorizations required to practice in their field and can assist their clients in planning their projects, financial protection, retirement and savings strategies.At Actif santé financière, our approach is based on financial planning, personalized support and long-term follow-up to help our clients make decisions adapted to their reality.

Beyond financial products, a meeting is primarily an opportunity to review your objectives, projects, and priorities.Whether you wish to prepare for retirement, buy a property, finance your children's education or simply structure your savings, appropriate planning can help you make informed decisions that are consistent with your situation.

Financial institutions and financial services firms may have different approaches depending on the services offered.At Actif santé financière, we focus on understanding your situation, your goals, and your life plans. Whether you want to prepare for retirement, buy a property, finance your children's education, or structure your savings, we take the time to analyze your situation to support you in your financial planning.Our approach is based on financial planning and long-term support. We remain available to review your situation at different stages of your life to ensure your strategies continue to reflect your goals and priorities.

We believe that financial planning is not limited to a single meeting. Projects, priorities, and financial situations evolve over time.That's why we prioritize long-term support, based on regular communication and periodic reviews of your situation. Our goal is to help you maintain a strategy aligned with your life plans, both now and in the future.

For over 25 years, we have been supporting individuals, families and entrepreneurs in their financial projects throughout Quebec.Our approach is not limited to a specific product or solution. We prioritize a holistic view of your situation to help you structure your projects, plan your objectives, and adapt your strategies as your reality evolves.

Making an appointment is simple. During the first meeting, we take the time to understand your situation, your objectives, and the projects that are important to you.Whether you are at the beginning of your career, a parent, an entrepreneur, a future homeowner or approaching retirement, this discussion allows us to better understand your needs and explore solutions that could fit your reality.Our goal is to establish a long-term relationship based on support, monitoring and evolution of your financial planning over the years.

The RESP is a registered plan that allows you to save for a child's post-secondary education while also being able to benefit, depending on eligibility, from government grants.

A parent, grandparent or any other authorized person may open an RESP for the benefit of an eligible child who has a social insurance number (SIN).

An RESP can usually be opened as soon as the child is born , once the social insurance number has been obtained.

No.You contribute according to your budget. It is often possible to adjust contributions to your financial situation.

There is no mandatory amount. A personalized strategy will determine a contribution level that suits your goals and budget.

It is not mandatory to contribute $2,500 per year to an RESP.However, according to the rules currently in force, an annual contribution of $2,500 per child generally allows you to obtain the maximum amount of certain government subsidies offered for that contribution year.If you were unable to contribute this amount in a given year, it is often possible to recover grant entitlements from previous years , subject to applicable rules and limits set by government programs.Since each family has a different situation, it can be advantageous to establish a contribution strategy tailored to your budget in order to gradually maximize the subsidies for which you may be eligible.Do you want to know how much to contribute in your situation? Our team can help you develop a strategy tailored to your goals.

Yes.Depending on eligibility, various government programs can enhance the savings accumulated in an RESP.

There are several types of RESPs.The Individual RESPSuitable for one beneficiary only.Great flexibility in contributions.You control the pace of your savings.The Family RESPAllows you to cover several children from the same eligible family.The funds can usually be distributed according to each person's needs.Offers great flexibility for families with several children.The group RESP (or student grant plan)The rules for contributions and withdrawals are generally established by the organization that administers the plan.Certain specific conditions may apply depending on the contract signed.It is important to fully understand the terms and conditions before joining.

There is no universal answer.The best choice depends in particular on:the number of children;of your budget;of your savings capacity;of your objectives;the desired flexibility.A personalized analysis helps to identify the most suitable solution.

The options depend on your situation and the applicable rules.Depending on the type of RESP and the applicable conditions, different solutions can be considered.An advisor can help you assess the possibilities.

Yes, in several situations.Current rules generally allow for the gradual recovery of unused grant entitlements from previous years, subject to eligibility criteria and ceilings set by government programs.This option can be particularly attractive for families who open an RESP several years after the birth of a child or who have not always been able to contribute regularly.A personalized analysis helps determine the best strategy to take advantage of accumulated grant rights, where possible.Do you want to know if you can recover unused subsidies? Contact our team to review your situation.

In certain situations, it may be possible to transfer investment income accumulated in an RESP to a registered retirement savings plan (RRSP) to avoid immediate taxation.This rollover is subject to several conditions set out in the tax rules, particularly with regard to the seniority of the RESP, the beneficiary's education and the available RRSP contribution room.Since each situation is different, it is recommended to seek advice before closing an RESP or considering a transfer to an RRSP.Do you want to know if this option could apply to your situation? Our team can help you assess the possibilities available to you.

Yes, it's generally possible.However, it is important to check the terms of your current contract as well as the limits applicable to contributions and government subsidies.Before opening a second RESP, it is recommended to assess your situation with an advisor to avoid certain administrative or tax consequences.

In some cases, a transfer is possible.However, the conditions vary depending on the contract, the group plan administrator, and applicable government regulations.Before making a decision, it is best to analyze the possible consequences, particularly on costs, subsidies and investments.

It is not necessarily recommended to close it immediately.Every situation is different. It may be relevant to:analyze your contract;understand the applicable conditions;check the available options;compare the advantages and limitations of your current plan.A review helps determine the best strategy for your family.

Not necessarily.Group RESPs meet the needs of some families.However, their operating rules, contribution methods and withdrawal conditions may differ from those of an individual or family RESP.The important thing is to choose a solution that truly matches your situation and your objectives.

Yes.With a family RESP, several eligible children from the same family can be beneficiaries of the plan.

Yes, in several situations.A foreign citizen can generally open an RESP if the eligibility requirements are met, including:the subscriber (the person who opens the RESP) has a valid social insurance number (SIN) ;the beneficiary child also possesses a valid SSN ;The eligibility criteria for applicable government programs are met.This may particularly concern people who:having permanent residence;holders of a valid work permit;or, in some cases, holders of a study permit that also allows them to work and meets the applicable requirements.Since each situation is different, a personalized check will confirm your eligibility and the subsidies you may be entitled to.

Every family is different.An advisor can help you with:choose the most suitable type of RESP;maximize the government programs for which you may be eligible;integrate the RESP into your overall financial planning;avoid certain costly mistakes;to implement a strategy tailored to your objectives.

Several options are available if the beneficiary is not pursuing eligible studies. Depending on your situation and current tax rules, it may be possible to change the beneficiary, maintain the RESP for a certain period, or, in some cases, consider rolling the income into an RRSP if all conditions are met.Before making a decision, it is recommended to analyze the tax consequences and the different possibilities in order to choose the strategy best suited to your family situation.Are you wondering about the future of your RESP? We can help you evaluate the different options available to you.

At Actif santé financière, we believe that an RESP should be integrated into your overall financial planning.Rather than offering a one-size-fits-all solution, we analyze your family situation, your objectives and your budget in order to recommend the strategy that best suits your reality.