Registered Education Savings Plan
Start saving for your child’s future today
RESP
Registered Education Savings Plan
A Registered Education Savings Plan (RESPs) helps you save for your child's post-secondary education. Your RESP contributions grow tax-free, and your savings are eligible for Canada Education Savings Grants (CESG ) from the federal government.
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Key Features
- Flexible Plan Options
Individual or family plans to choose from based on your relationship to the beneficiary - Tax Sheltered Growth
Investments grow tax free - Maximum Contribution
Contribute up to a lifetime maximum of $50,000
- Flexible Plan Options
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- Government Grants
Grants of up to $8,400 will contribute towards building the RESP portfolio - Canada Learning Bond
The Canada Learning Bond (CLB) is an additional component that the Government pays towards a Registered Education Savings Plan (RESP) for children whose families are eligible. This money goes towards paying the costs associated for a child's full or part-time post secondary education
- Government Grants
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