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Save for your child's bright future with an RESP
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- Grow your money – Because your RESP is tax-sheltered, the investment earnings will grow untouched until they’re withdrawn.
- Less tax when withdrawn – When the child begins to withdraw funds for their education, they will pay less tax as they will likely be in a lower tax bracket.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.
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.
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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.
