Registered Education Savings Plans, RESPs | HSBC Canada

Registered Education Savings Plan (RESP)

Invest early; invest regularly for your child's future with an RESP

  • Government grants
    Build your RESP faster with government grants
  • Often Tax efficient
    Withdraw funds for school at your child's tax rate - which may be lower than yours
  • Flexible plan
    Transfer funds between 2 or more of your children or grandchildren
  • Program options
    Use the funds for a variety of education programs
  • Defer taxes
    Generally pay no tax on the growth in your investments until money is withdrawn
  • Wide selection of investments
    Choose from HSBC Mutual Funds, including World Selection® Diversified Funds
  • Start early, save regularly
    Maximize the benefits of compounding and dollar cost averaging by starting a regular investment plan
  • Flexible savings
    Convert your funds to another investment if the child does not pursue further education

Click here for important investor information

® World Selection is a registered trade-mark of HSBC Bank Canada.

HSBC Global Asset Management (Canada) limited ("AMCA") is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. ("HIFC") is the principal distributor of the HSBC Mutual Funds. HSBC Mutual Funds are also distributed through other authorized dealers. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus, Fund Facts, and other disclosure documents before investing. Mutual Funds are not guaranteed or covered by the Canada deposit insurance corporation, HSBC Bank Canada, or any other deposit insurer or financial institution. The net asset values of all mutual funds, including the HSBC Mutual Funds, may change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

Open an RESP

Help ensure a post-secondary education is in your child's future


How much money do you need to save?

Estimate the amount you need to save for your child's future education needs

Education Savings Calculator

Build a self-directed RESP at HSBC InvestDirect

Learn more


Did you know

72% of parents have a specific occupation in mind for their child.

Read the report

BC residents

Children born in 2006 or later may be eligible for the $1,200 British Columbia Training and Education Savings Grant. No investments required.

Find out if you qualify

How much do you need to save?

Estimate how much you will need to save for your child's future education needs

Education Savings Calculator

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