Registered Education Savings Plan (RESP)
Smart savings for a bright future
Why start an RESP?
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Get FREE money
The federal government adds to your RESP savings each year through the Canada Education Savings Grant.
Every year, 20% of every $2,500 is matched, up to a lifetime maximum of $7,200 per child.
Maximize your investment
Contributions grow tax-free while they remain in the RESP. That means your savings can grow faster.
Pay less tax
When your child starts college or university, funds withdrawn from the RESP are taxed in the child’s name.
Students usually have little or no income, so they won’t pay much tax on the payments.
Access additional grants
Lower income families may also qualify for the Canada Learning Bond.
No downside
If your child does not pursue post-secondary education, you have options.
Financial Planning
Let our investment advisors guide you on the right path to your financial success.
Line of Credit
Borrow what you need, pay the interest monthly and the balance when you’re ready.