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Registered Education Savings Plan

Investing in your child's future is easier than you think.
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What Is A RESP?


A Registered Education Savings Plan (RESP) is a tax-sheltered plan that can help you save for your child's post-secondary education. Not only can you grow your savings tax-free, but the government will also add 20% to 40% each year to your savings in form of education grants like the Canadian Education Savings Grant (CESG).


How Much Can I Invest?


The lifetime RESP contribution limit is $50,000 per child, and you can make contributions for 31 years once you’ve opened the RESP.


What Happens If The Child Doesn’t Pursue A Post-Secondary Education?

RESPs are all about flexibility and choice, so, if a child named in your RESP chooses not to go to college or university you have several options:

  • Change the plan to another child

  • Transfer money to another RESP

  • Transfer the money to your RRSP

  • Close the plan and cash out

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What Does A RESP Offer?


  • A 35 year investment period

  • Interest that’s compounded and tax-free until it's withdrawn

  • No annual limit for contributions

  • Maximum lifetime contribution of $50,000 per beneficiary

  • Tax on only the accumulated income, not the principal

  • A family plan that allows you to open one plan with multiple beneficiaries

  • A transferable fund

  • Up to $500 in annual Canadian Education Savings Grant per beneficiary based on yearly contributions to a lifetime limit of $7,200.

How Do I Invest In A RESP?

Below are ways to invest your RESP funds either as a self-directed investor or with professional assistance.

In Branch

An in-branch advisor can help you get started. Book an appointment online, by phone, or in-person at a branch.

Personalized Advice

Our dedicated wealth advisors will provide personalized financial plans to keep your financial goals on track.

Online/Mobile Investing

Self-manage your investment through Qtrade Direct Investing™ or get them professionally managed through VirtualWealth®.

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Mutual funds and related financial planning services are offered through Credential Asset Management Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and trademarks of Aviso Wealth. VirtualWealth is a trade name of Credential Qtrade Securities Inc.


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