RESP — Registered Education Savings Plan
Invest in their dreams, secure their tomorrow.
An RESP is one of the most powerful ways to save for a child's post-secondary education — because the government helps you do it. Through the Canada Education Savings Grant, Ottawa adds 20% on your contributions (up to $500 a year, $7,200 lifetime per child), and lower-income families can qualify for additional grants.
I'll help you set up the right plan, choose suitable investments, and create a contribution schedule that captures the maximum grant money your family is entitled to.
What this coverage gives you
Free government grants
The 20% Canada Education Savings Grant adds up to $7,200 per child over the life of the plan.
Tax-deferred growth
Investments grow tax-sheltered inside the RESP until your child withdraws for school.
Flexible investing
Choose investments suited to your timeline — and adjust as the start of school approaches.
Additional grants
Lower-income families may qualify for the Canada Learning Bond and extra CESG.
Who it's for
- Parents of children under 17
- Grandparents helping with education
- New parents starting early
- Families wanting to maximize grants
- Newcomers planning for kids' futures
Frequently asked
How much should I contribute to get the full grant?+
Contributing $2,500 per child each year captures the maximum $500 annual grant. If you started late, you can catch up on one prior year's grant at a time. I'll map out a schedule for you.
What if my child doesn't go to school?+
You have options — including transferring the plan to a sibling, or moving accumulated growth into your RRSP if you have room. Grants are returned to the government, but your contributions remain yours.
Can grandparents open an RESP?+
Yes. Anyone can open an RESP for a child as long as they have the child's Social Insurance Number. It's a popular way for grandparents to give a lasting gift.
Protect your future with a free consultation
No pressure, no obligation — just clear, independent advice tailored to your life. Find out where you stand in a quick conversation.