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RESP

Save for school the right way

A Registered Education Savings Plan (RESP) is a special savings Plan for parents, family and friends who want to save towards a child's post-secondary education.

How It Works:

  • When you make RESP contributions, you’ll have your choice of investments, including GICs and mutual funds*.
  • Receive federal government grant (a 20% bonus of up to $500 every year, to a lifetime limit of $7,200 per child).
  • Contributions are not tax-deductible, but all investment income is tax-sheltered as long as it remains in the Plan.
  • Withdraw money for the child's post secondary education.

*Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.


Mutual funds and related financial planning services are offered through Credential Asset Management Inc. Mutual funds, other securities and securities related financial planning services are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. 

Credential® is a registered mark owned by Aviso Wealth Inc.


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