The Impression Plan: flexibility plus
The Impression Plan gives you the flexibility and convenience of a self-directed RESP without stock market risk.
Set your own schedule
Flexibility means you can make contributions any time it's convenient for you, subject to a minimum contribution amount of $100. Like other RESPs, the Impression Plan is subject to the lifetime $50,000 maximum for contributions.
Like a mutual fund
When your child is ready for post-secondary studies, you withdraw your savings, the government grant money and all the interest you've earned to help pay for your child's education.
With a difference
Unlike with many mutual funds that invest in stocks, the RESP professionals who manage and administer the Impression Plan only invest in lower-risk investments. So you know your education savings will be there when you need them.