Registered Educational Savings Plan (RESP)
What’s an RESP?
RESP is a special savings plan that is registered with the Government of Canada.
It allows savings for education after high school to grow tax-free and also gains government money through the Canada Education Savings Grant and the Canada Learning Bond.
With the help of an RESP you, as a parent, friend or family member, can start putting aside money for a child’s post-secondary education.
Your contributions can grow surprisingly fast when you use this special savings account, as the Government of Canada offers special grants to this program.
Learn about RESP’s, Government Grants and how to get the most out of your RESP.
· Savings for your children’s future educational expenses
· How Governments can help you save
· Canada Education Savings Grant – adds up to 20% of your annual contribution
· Canada Learning Bond (CLB) – Contribute up to $2,000.00 for an eligible child’s RESP
· How much can I contribute to the Educational Plan?
· Tax advantages
· The real cost of a college and university education.
Learn about RESPs, Government Grants and how to get the most out your RESP.
