RESP: fund your children's education with the help of government contributions
A Registered Education Savings Plan is the most effective way to secure your children's future. With generous government grants, your investment grows significantly faster to cover upcoming tuition fees. Start planning today to ensure they have the financial support they deserve.
RESP in a brief
A Registered Education Savings Plan (RESP) is a specialized account designed to help parents save for their children's post-secondary education while benefiting from significant government incentives. It provides a structured way to build a tuition fund with the added boost of state-sponsored grants.
- Objective: accumulate sufficient funds to cover tuition fees and basic living expenses during higher education studies.
- Grants: the government may add up to 30% to your contributions depending on your total annual family income.
- Taxation: all investment income grows tax-sheltered within the plan until it is withdrawn by the student for school.
- Eligibility: any parent, grandparent, or relative wishing to provide financial support for a child's academic journey.
Why open an RESP account?
Discover the primary benefits of opening an education savings account for your children to secure their academic future now.
Government
Receive free money from the government for every single dollar you contribute.
Sustainable long-term growth
Utilize the power of compound interest over several years to build a solid and reliable educational fund.
Total flexibility
Take advantage of flexible options that adapt to your child's evolving choices.
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6505 Route Transcanadienne, bureau 500,
Saint-Laurent (Québec), H4T 1S3
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The details provided on this website are for informational use only and do not represent professional or personalized financial advice.
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