Rick Singh - Founder
Retire with confidence
The Real Cost of a Post-Secondary Education
A four-year university degree typically costs $30,000 to $50,000 when you include tuition, books, and living expenses. College programs usually run $15,000 to $25,000 for a two-year diploma.
Without a plan, most families end up scrambling when their young ones get accepted to school. That usually means student loans, which can take decades to pay off and significantly impact your child’s financial future.
With CRS Financial, there is a better way.
Starting Early Makes All the Difference
The earlier you start investing for your child’s education, the more time your money has to grow. A family that starts saving $200 per month when their child is born will have significantly more money available than a family that starts saving $500 per month when their child turns 10.
Time is your biggest advantage when it comes to education planning. Even small amounts invested consistently can grow into substantial education funds.
RESP Investing Strategy
Registered Education Savings Plans (RESPs) RESPs are the foundation of most education plans. Your contributions grow tax-free, and when your child withdraws money for qualified education expenses, they pay tax at their lower student tax rate on the investment growth portion.
Canada Education Savings Grant The government will match 20% of your RESP contributions up to $500 per year. That’s free money for your child’s education that you can’t get anywhere else.
Investment Growth We invest your RESP contributions in diversified portfolios designed to grow over time while managing risk appropriately as your child gets closer to needing the money.
- How much should I be saving each month for my child's education?
- What happens to RESP money if my child doesn't go to university or college?
- Should I prioritize RESP contributions or my own retirement savings?
- How do I invest education money as my child gets closer to school age?
- Can I use RESP money for trade schools or other training programs?
- What if I can't afford to save as much as I'd like right now?
- How do education tax credits work with RESP withdrawals?
Getting Started with Education Planning
The best time to start education planning is when your child is born. The second-best time is today. Whether your child is in diapers or getting ready for high school, we can help you create an education investment plan that works for your family's situation.
During your consultation, we'll review your current financial situation, discuss your education goals, and create a realistic plan to get your child through school without crushing debt.
Education Planning Services in Surrey, BC
Whether you're in the Lower Mainland or anywhere in British Columbia, we work with families to build education investment strategies that actually deliver results when your kids need them most.
From new parents just starting to think about education costs to families with teenagers already looking at schools, our Surrey office has helped hundreds of families invest successfully for their children's futures.
Rick Singh - Founder
Retire with confidence