• (403) 380-6280
  • 420 - 13th Street North, Lethbridge, AB

Wiest Insurance & Investment Management

Start early and give your child the chance to follow their dreams.


An RESP is to education what an RRSP is to retirement: it allows you to build up savings to put toward your child’s post-secondary education. This is the most precious gift you could offer your child: the possibility to pursue the career of their dreams.

Where to start?

Your contributions can help fund the education of your children, as well as that of your grandchildren, your nephews and nieces, or your godchildren, depending on the plan type you choose: individual or family.

When you form good savings habits and contribute to your child’s RESP when they are young, you are giving them access to a larger amount when they start their post-secondary education.

The RESP is for everyone—contribute as little as $25 a month. The amount you invest can vary based on your budget, as long as you stay within the lifetime limit of $50,000 per child.

How can I accumulate more?

Thanks to the Canadian Education Savings Grant (CESG), the federal government supplements RESP contributions, matching up to 20% of your annual contribution (to a maximum of $500 per beneficiary per the year.) Combined with your regular contributions, this generous government assistance deposited in your RESP gives a significant boost to your savings.

Depending on your family income, you could be eligible for an additional grant. All your investments, grants and interest grow tax-free until withdrawal.

When your child starts post-secondary education, you recover the amounts you invested at the pace you choose. You don’t pay any taxes on the amounts returned to you. Your child receives the grants and interest generated on the total balance of the RESP account through Educational Assistance Payment (EAP). Since students generally have a lower tax rate, the tax bill to pay on EAPs is often minimal.

If your child doesn’t pursue a post-secondary education, you can:

Designate another child in the family
Withdraw your original contributions tax-free
Transfer your accumulated investment income to your RRSP under certain conditions

Insurance Planning

As an Independent financial advisor, my team will provide services tailored to each client’s needs and objectives. Proper planning now can help reduce emotional and financial stress when the need for insurance arises. Adequate insurance for life and long-term care is essential, and careful planning is crucial to nearly any financial goal. Having insurance coverage in place is invaluable, allowing you to focus on what matters most and not worrying about finances.

Investment Planning

Because Wiest Insurance and Investment Management is an independent firm, we are empowered to deliver unbiased advice and are not restricted to certain investments or proprietary products – solutions are customized to meet your needs and investment objectives.

Allow us to help navigate your retirement planning, tax, estate, philanthropic or business succession plans.


Agriculture continues to be one of, if not the most important industry in Alberta…yet we have seen drastic intergenerational changes. Being raised on a 4th generation crop and cattle farm in Southern Alberta, I have the ability to work with you in developing a financial plan that focuses on successfully transitioning your farm…whether that means succession planning or sale planning. If you are expanding, or have current debt that is insured through your bank or lending facility, allow Wiest Insurance and Investment Management the chance to shop out your insurance needs and bring back a cheaper and better solution!

Corporate & Small Business

You need professional advice and guidance that can help you develop the right plan for your future and the future of your business. Wiest Insurance and Investment Management will provide sophisticated planning solutions for your business including qualified retirement plans, succession planning, buy-sell agreements, risk management, nonqualified executive benefits, and employee benefits along with developing investment and savings accounts owned by your corporation to grow your retained surplus cash.