Get help with tuition

Registered Education Savings Plan

Discover matching government contributions and tax-sheltered earnings.

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Get help with tuition

Discover the benefits!

  • Enjoy matching government contributions
  • Pay less tax
  • Discover flexible redemption options
  • Avoid hidden fees

Discover matching contributions

Through the Canada Education Savings Grant (CESG), the Government will match 20% of each dollar you put into an RESP account (up to $500/year to a lifetime maximum of $7,200). That’s thousands of dollars of free tuition!

Save money on tax

You won’t pay any taxes on the interest you earn in your RESP. It’s a tax-sheltered investment to help you save more for your child’s education.

Enjoy easy and flexible redemption options

Redeeming RESP funds is as simple as providing proof of enrollment. If your child chooses not to go to college after they graduate, no problem:

  • They have 35 years from the time the plan was opened to use the funds.
  • A sibling going to school can use the funds.
  • You can get your principal contributions back and roll over the interest into your RRSP. 

Enjoy free banking

There’s no charge for investing in an RESP. And you’ll always have free access to friendly advisors who can help you reach your education savings goals.

Questions?

RESPs are available to any child who is a Canadian resident with a Social Insurance Number.

No, they’re not. However, money paid out of an RESP is paid, and taxed, to the student. Because most students make low to no income, they can usually withdraw RESP funds tax-free. 

The lifetime contribution limit is $50,000 per child. The Canada Education Savings Grant (CESG) will only match a lifetime maximum of $7,200 per child.

Help your child succeed

Get thousands of dollars to help with tuition costs. Start building your child’s future today!

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