What is an RESP (Registered Education Savings Plan)?

A Registered Education Savings Plan, also known as an RESP, is a savings plan used by parents to help them save for their children's post-secondary education in Canada. With the rising costs associated with sending a child to college or university, an RESP can really help because the government provides grants* while the savings grow tax-deferred until withdrawn. When the student withdraws the funds for educational purposes, the withdrawals are taxed in the student’s hands, typically at a lower rate.

The sooner you start, the more you save. Contact one of our RESP dealing representatives near you today to find out how you could get started.

Start Early. Save Often. Stay Invested.TM