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Average Tuition Fee For Top 7 Under-Graduate Programs (2020-21)





ਆਰ.ਆਰ.ਐਸ.ਪੀ- (ਰਜਿਸਟਰਡ ਰਿਰਿਟਾਇਰਮੈਂਟ ਸੇਵਿੰਗਜ਼ ਪਲਾਨ)

R.R.S.P Facts

What you need to be eligible? 

  • A declared earned income and must have filed income tax return in the previous year.

  • A valid S.I.N

  • Employment or Business income in Canada

  • Unused contribution room.  

Does your age matter? 

  • No minimum age to open RRSP Account

  • The last day that you can contribute in RRSP is December 31 of the year you turn 71 years old.

How much you can contribute? 

  • For year 2021- lesser of $27,830 or 18% of your earned income from the previous tax  year minus pensionable adjustments plus unused contribution room from the previous years.


ਆਰ.ਈ.ਐੱਸ.ਪੀ- (ਰਜਿਸਟਰਡ ਐਜੂਕੇਸ਼ਨ ਸੇਵਿੰਗਜ਼ ਪਲਾਨ)


How to Get Maximum out of your R.E.S.P

  • The Right time to Save is Now  : It is never too late to start for the higher education of your Child. You can save in an RESP for up to 31 years of age. But the Govt. will stop the grant at age 17.

  • Free Money from Government is an icing on a cake   The Government will match 20% of your contribution up to a limit of $7,200 per child. By saving up to the limit, get the maximum Government Money.

  • Reviewing your contributions keeps your investments up to date: Adding a few more dollars and monitoring the performance of your investments can help you meet the target.


ਟੀ.ਐਫ.ਐੱਸ.ਏ.-ਟੈਕਸ ਮੁਫਤ ਬਚਤ ਖਾਤਾ


T.F.S.A (Tax Free Savings Account)

Some Interesting facts about T.F.S.A
  • You can have more than one TFSA  There is no limit on the number of TFSA that you can open, but there is a limit to the total amount you can contribute to your TFSA

  • You can contribute as long as you can  You have to be 18 years old  or above to open a TFSA. However, there is no upper age to open TFSA.

  • TFSA an Emergency fund   A perfect choice   Unexpected events may require easy and quick access to your savings. Money in a TFSA is available whenever you need it.

  • Use it as a Retirement Planning tool   Periodic withdrawal from a TFSA will not impact or clawback your OAS payments - what a GREAT advantage!




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