Registered Education Savings Plan (RESP)

A Registered Education Savings Plan, or RESP, is a special savings plan to help you save for a child’s post-secondary education. When the student withdraws the funds for educational purposes, the withdrawals are taxed at that time, usually at a lower rate.

With an RESP, the government may also provide grants to help your savings grow.

The Canada Education Savings Grant (CESG) is money paid by the Government of Canada up to a maximum $7,200, to encourage families to save early for their children's post-secondary education.

The Canada Learning Bond (CLB) is money paid by the Government of Canada up to a maximum of $2,000, to help parents, friends, and family members save early for the post-secondary education of a child.



  • No annual contribution limit
  • You may contribute up to a maximum of $50,000 per child
  • Flexible plans enable you to select one or more beneficiaries
  • Both principal and interest are guaranteed and there are no fees of any kind

While there are currently no annual contribution limits, you receive the Canada Education Savings Grant on the first $2,500 in contributions per year, or up to the first $5,000 in contributions, if sufficient carry forward room exists.

                            Learn more about the advantages of                                        investing  in RESPs in our brochure >>>>>