Registered Education Savings Plan

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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.

  • 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

    • 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
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