A great way to save for educational costs!
A Registered Education Savings Plan (RESP) allows savings to grow tax-free until the plan beneficiary is ready to attend full-time college, university, or any other eligible post-secondary educational institution.
The beneficiary may be your own child, grandchild, another family member or family friend. Interest and investment growth earned in the RESP are not subject to taxation for as long as the funds remain in the plan.
- No administration fees and no minimum contributions
- Earn additional money through government grants like the Canada Education Savings Grant (CESG) and the Canada Learnings Bond (CLB)
- A variety of Investment options
- RESPs make a great gift option because anyone can open an RESP for a child
Our investment specialists will work closely with you to determine which type of RESP plan whether an individual or family plan may be best for your unique needs.
Get more information:
Contact your branch and speak with any of our investment specialists for more information!