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.

RESP Calculator

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