​Save for your child's future with a RESP.

​​A Registered Education Savings Plan (RESP) is a tax-sheltered government plan that allows you to contribute up to $50,000 for a child’s post-secondary education – whether it’s your child, a grandchild or a friend's child.

What is a RESP?

An RESP provides a convenient way to accumulate funds for your child's or grandchildren post secondary education. Interest earned in the plan is tax-free. Upon withdrawal, the funds will be taxed at the beneficiary's income tax bracket.

One of the best things about an RESP is the top-ups given by the federal government.

The Canada Education Savings Grant (CESG) matches your annual contribution by 20% to a maximum of $500 per year. The CESG has a lifetime maximum of $7,200 per child. The Canada Learning Bond (CLB) provides an additional lifetime grant of up to $2,000 per child for qualifying families.

When the beneficiary enrolls into an eligible program, they can start receiving educational assistance payments (EAPs) from their RESP to pay for tuition, school supplies, residence and more.

​Enjoy the benefits of an RESP

  • ​​Grow your money – Because your RESP is tax-free, your earnings will be tax sheltered.
  • Anyone can contribute – Niece, nephew, child of a friend or your own child – you can help make their future educational dreams a reality.
  • ​​Less tax when withdrawn – When the child begins to withdraw funds for their education, they will pay less tax as they will likely be in a lower tax bracket.
  • Benefit from the Canada Education Savings Grant – The federal government will contribute up to a lifetime maximum of $7,200 to your child's plan. 
​Need a hand?

​​Whether you're an investing expert or a total beginner, our experienced team will tailor their advice to help you maximize your child's education savings.

​How much will I save?

​​Our RESP Calculator will help you figure out how much you can set aside before the child starts school, and how government grants will help your savings.