Canadian health insurance is almost certainly not valid outside of Canada. Foreign hospitals can be very expensive and may require immediate cash payment. You could face years of debt paying off the costs of treatment for an illness or accident you suffered abroad. The Government of Canada will not pay your medical bills.
Key Features for Visitor & Super Visa Insurance
Note: Above info is as per Travelance premier plan
RESP
A RESP (Registered Education Savings Plan) is a special savings account for parents who want to save for their child’s education after high school (which is very expensive). An RESP is a tax-sheltered plan that helps you save for a child’s post-secondary education faster. Your savings will grow faster with the Canada Education Savings Grant (CESG) , Canada Learning Bond (CLB), and other government incentives.
If the child doesn’t pursue post-secondary education, you may be able to choose a new beneficiary. Or, you have 35 years to use the funds for education.
