RESP Investment, RESPs | HSBC Canada

RESP accounts

Start saving today for your child's post-secondary education with a Registered Education Savings Plan (RESP), and take advantage of tax-deferred growth and the Canadian Education Savings Grant (CESG).

Set up an HSBC InvestDirect1 RESP account to:

  • Maximize flexibility and maintain control of your children or grandchildren's education savings
  • Get the same low commission rates as non-registered accounts.
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  • Contribute any amount, anytime, up to a lifetime contribution limit of $50,000 per RESP beneficiary
  • Increase your savings with the Government of Canada Education Savings Grant (CESG), which matches 20% of your eligible RESP contributions
  • Set up a pre-authorized contribution plan to automatically build your RESP savings
  • Build your RESP with a wide variety of investments including stocks, bonds, ETFs, securities of major international markets, as well as proprietary and third-party mutual funds and GICs
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1HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund.

HSBC InvestDirect does not provide investment advice or recommendations regarding any investment decisions or securities transactions.

The content herein is not intended to provide specific tax advice and should not be relied upon in this regard. HSBC makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these services. For full details about TFSAs and how they relate to your own income tax and financial situation, please consult your personal tax advisor.

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