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Designed to help you save money for a child’s post-secondary education, RESPs are a tax-effective, government-supported savings program. Investments within an RESP grow tax-free until the money is withdrawn.
What is an RESP?
An RESP is a government program to help you save for a child's or grandchild's post-secondary education.
The three main benefits of an RESP include access to government grants, tax-deferred growth and the ability to shift the tax on the income and gains to the child who will typically be taxed at a lower tax rate.
As a tax-sheltered savings plan, your money grows tax-free until the child is ready for a post-secondary education. In this tax-sheltered plan, your money can compound much faster - making an RESP the ideal way to save for a child's future.
We offer Family Plans where contributions and grants can be transferred to other beneficiaries of the plan if one child decides to not pursue a post-secondary education (conditions apply).
