Save for your child's bright future with an 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. 

Enjoy the benefits of an RESP

  • Grow your money – Because your RESP is tax-sheltered, the investment earnings will grow untouched until they’re withdrawn.
  • Less tax when withdrawn – When the child begins to withdraw funds for their education, they will pay less tax as they will likely be in a lower tax bracket.
  • Anyone can contribute – Niece, nephew, child of a friend or your own child – you can help make their future education dreams a reality. 
  • 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. 
  • Grow your money – Because your RESP is tax-sheltered, the investment earnings will grow untouched until they’re withdrawn.
  • Less tax when withdrawn – When the child begins to withdraw funds for their education, they will pay less tax as they will likely be in a lower tax bracket.
  • Anyone can contribute – Niece, nephew, child of a friend or your own child – you can help make their future education dreams a reality. 
  • 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. 

Ready to put the power of tax-sheltered investing to work for your child’s education?

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 to set aside before your child starts school, and how government grants will help those savings grow.

Start saving now!

It's never to early to start saving for your child's post-secondary education. Opening a RESP gives you one less thing to worry about for your child's future.