Comax Insurance

One of the biggest financial mistakes many Canadian parents make?

Starting RESP too late.

A delay of just a few years could mean missing out on over $59,000 for your child’s future education.

Example:

✅ Start at birth:
~ $208/month
➡ Government grants: $7,200
➡ Value at 18: approx. $100,000+

❌ Start at age 8:
Same contribution amount
➡ Much lower growth & grants
➡ Approx. value at 18: only ~$41,000

That’s a difference of nearly $60,000.

The good news?
Many parents don’t even need to contribute extra money from their pocket.

A simple strategy many families use is redirecting a portion of the Canada Child Benefit (CCB) into the RESP every month and letting time, grants and growth work for the child’s future.

✔ Government grant support
✔ Tax-deferred growth
✔ Long-term education planning

Sometimes small monthly decisions create life-changing long-term results.

Message me “RESP” if you’d like a simple beginner-friendly explanation or free guidance.

Harssh Siingh | InsureSimply
📞 Text/Call: 604.446.7149 | 778.919.2146
📧 [[email protected]]