financial backup for life


A Registered Education Savings Plan (RESP) is a government-approved plan designed to help you save for your child’s post-secondary education. The federal government will contribute 20% annually on the first $2,500 deposited into an RESP each year. That’s up to $500 of free money every year, to a lifetime limit of $7,200 per child.

  • 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 through Credential Asset Management Inc.

RESP Calculator

Helping your children pay for post-secondary education is the greatest gift you can give them. Calculate the numbers here.

Mutual Funds are offered through Credential Asset Managemetn Inc.