Registered Education Savings Plan (RESP)
Save for Your Child's Education with Government Support
Lifetime Contribution Limit
$50,000 per beneficiary
Maximum CESG
$7,200 lifetime
Invest in Your Child's Future
An RESP is a tax-advantaged investment account designed to help save for a child's post-secondary education. With government grants and tax-deferred growth, it's one of the most powerful tools for building your child's educational fund.
Key Benefits of an RESP
Government Grants
Receive up to 20% in CESG matching grants on your contributions, up to $500 per year.
Tax-Deferred Growth
Investment earnings grow tax-free until withdrawn for education expenses.
Investment Flexibility
Choose from a wide range of investment options including mutual funds, stocks, and bonds.
Additional Grants
Access additional grants like CLB and provincial incentives for eligible families.
Why an RESP is Essential for Education Planning
Government Support
Receive up to $7,200 in lifetime CESG grants, plus additional grants for eligible families.
Tax-Advantaged Growth
Investment earnings grow tax-free until withdrawn, maximizing your education savings.
Flexible Investment Options
Choose from a wide range of investments to match your risk tolerance and time horizon.
Family Plan Options
Set up family plans to share benefits among siblings and maximize grant eligibility.
Withdrawal Flexibility
Use funds for various post-secondary education expenses including tuition, books, and living costs.
Optimize Your RESP
Plan your child's education savings strategy
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