Skip to main content

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.


    • 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
    ​​
    Investment advice

    Work with an Advisor

    Reach your investment goals faster with expert guidance and support. Let our professional Advisors help build the right investment plan for your needs

     

    Banking with Khalsa

    Extended Hours

    Select branches are open on Saturdays and Sundays, and until 8 pm on weekdays.

    Free Chequing Account

    Start with a free account that includes all the current digital banking tools.

    Secure Mobile App

    Download our app to manage your day-to-day banking from your smartphone. 

    Access 4000+ ATMs

    Free deposits and withdrawals at over 4,000 Ding-Free ATMs across Canada

    Contact Khalsa Credit Union

     

    Email Us

    info@khalsacredit.com

    We’ll reply within 2 hours during business hours, or the next business day after hours.

    Book an Appointment

    Request appointment time

    We’ll reply within 2 hours during business hours, or the next business day after hours.

    Visit a Branch 

    Find a branch/ATM