A Registered Education Savings Plan (RESP) is a tax-advantaged investment account designed to help parents, guardians, and relatives save for a child’s post-secondary education in Canada. Contributions grow tax-free, and students receive government incentives—such as the Canada Education Savings Grant (CESG) and, for eligible families, the Canada Learning Bond (CLB). Once the child begins university, college, trade school, or other approved programs, RESP funds can be withdrawn to cover tuition, books, residence, and additional education costs.
Government Grants Boost Your Savings
The government matches a portion of your contributions, significantly increasing long-term growth.
Tax-Free Investment Growth
Money inside the RESP grows tax-sheltered, helping your investment compound faster.
Flexible Education Funding
Funds can be used for a wide range of accredited programs—academic, technical, part-time, or full-time.
Reduces Financial Burden
RESP planning protects children from education debt and allows families to plan confidently for future costs.
Vidhi Chhabra is a highly experienced insurance broker and advisor with over 20 years of expertise across industries, including Insurance, Telecom, Advertising, Hospitality, and Government. As the founder of Planet Insurance, she is dedicated to providing exceptional client service, delivering personalized insurance solutions with a white-glove approach.
Vidhi is known for her deep knowledge of the insurance industry and her ability to empathize with clients' unique needs. She takes the time to understand each client’s situation, offering tailored solutions in life insurance, critical illness insurance, disability insurance, travel insurance, business insurance, and more. Her approach combines professionalism with a personal touch, ensuring that clients receive comprehensive coverage and long-term value.
Her ability to provide unparalleled service is reflected in the trust and relationships she builds with her clients. Vidhi's strong client focus, paired with her transparency and commitment to excellence, makes her a trusted partner for those seeking financial protection and peace of mind.
At Planet Insurance Canada, we provide tailored coverage to meet your unique needs, ensuring comprehensive protection for every aspect of your life. With exceptional customer support and a fast, hassle-free process, we’re dedicated to your peace of mind. With our strong reputation and experience, we simplify complex financial planning so you can focus on your child’s future.
At Planet Insurance, we combine industry expertise, personalized service, and a commitment to your security to deliver unparalleled insurance solutions. Our dedication to excellence ensures that you receive the best coverage tailored to your unique needs, making us a trusted partner in safeguarding what matters most.
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At Planet Insurance, we combine industry expertise, personalized service, and a commitment to your security to deliver unparalleled insurance solutions. Our dedication to excellence ensures that you receive the best coverage tailored to your unique needs, making us a trusted partner in safeguarding what matters most.
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