You can open an RESP and name an individual child as the beneficiary, or opt for a family plan for several children.
Parents, grandparents, aunts and uncles can also contribute to the RESP.
If the child listed as an RESP beneficiary decides not to attend a post-secondary institution, you can name another beneficiary. Or, under certain conditions, you can transfer earnings into your RRSP. It’s important to understand the tax implications before transferring funds.
Investment Options: We provide access to a range of investment options to suit your needs. You can choose to invest your RESP in fixed income, equity or liquid products.