Registered Education Savings Plan (RESP)
Save money for your child’s future education with our RESP options in Canada.
- Flexible contribution options
- Low fees, competitive returns
- Trusted by many families
What is an RESP?
Explore Types of RESP solutions
Choose the RESP that suits your family best – this will help your children access better educational opportunities all over the world. We help with individual and family RESP plans. Take care of your children’s secure and brighter future.
Individual Plans
An Individual Plan is made for one beneficiary. This person does not have to be related to the subscriber. This option works well if you are saving for one child’s education or for an adult’s studies. Adults can open Individual Plans for themselves to further their education.
Family Plans
Family Plans allow you to add multiple beneficiaries – they must be related to the subscriber by blood or adoption. This plan is especially great for families with multiple children. It lets them share earnings among beneficiaries.
Why Choose RESP With Us
Choosing the right RESP provider makes a significant difference in how much you save and how easily your child accesses those funds when needed. There is why families across Canada trust us:
Maximize Government Grants
We help you find all government grants, such as the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB).
Flexible Plans to Suit Your Needs
We offer two types of RESP options: Individual Plans and Family Plans. You can choose the plan that fits your financial goals and family needs best.
Expert Guidance in Every Step
Our knowledgeable advisors offer personalized support at every step of the RESP process. They will help you pick the right plan and manage your contributions and withdrawals.
Tax-Free Growth
Contributions to an RESP grow tax-free. Low Fees, Competitive Returns. By understanding your financial goals we offer wide verity of Investments portfolios that provide compounding returns over time. This means that investment earnings will not be taxed while they stay in the account. This allows your savings to accumulate more efficiently over time.
Trusted by Canadian Families
We offer clear and reliable service, earning the trust of families across Canada. This makes us a top choice for education savings.
Low Fees, Competitive Returns
We provide competitive fees to boost your investment returns. This way, more of your money supports your child's education.
Opening an RESP account is easy
Step 1. Consultation
Our Financial Advisors look at your financial needs and goals. Then, they suggest great RESP options for you. This tailored approach makes sure your savings plan matches your family’s education goals.Step 2. Application
Our team ensures a smooth application experience, preparing and submitting the paper work for you.Step 3. Approval & Coverage
When your RESP account gets approved, you receive your account documents and complete details as well as secure online access.Useful FAQs About Registered Education Savings Plan
How do government grants work with RESPs?
How much can I contribute to an RESP?
You can contribute as much as you want each year, but the total for each beneficiary is capped at $50,000. It is important to plan contributions to maximize government grants and avoid over-contributing.
What happens if my child does not pursue post-secondary education?
If your child does not attend post-secondary education, you can withdraw your contributions tax-free. Conversely, any government grants must be returned. You can withdraw investment earnings as Accumulated Income Payments (AIP). These payments are taxable and might have some extra penalties. On the flip side, you can avoid this if you transfer them to an RRSP, but there are certain conditions to meet.
Are there restrictions on how RESP funds can be used?
RESP funds can cover many educational costs all over the world. These include tuition, books, tools, transportation and rent. This is true if the beneficiary is enrolled in a qualifying post-secondary institution. We can transfer the funds to the subscriber’s bank account and not directly to the educational institution.
How can I start working with you?
Contact us today to discuss your needs and explore available policies to begin the application process. Our team will answer your questions and take you through the whole process.