RESP
RESP
A Registered Education Savings Plan (RESP) helps families save for a child's post-secondary education, with government grants and tax-deferred growth giving your savings a valuable head start.
Key benefits of an RESP
Government grants (CESG)
The Canada Education Savings Grant adds 20% on your annual contributions, up to $500 a year. Eligible families may qualify for enhanced grants.
Tax-deferred growth
Investment earnings grow tax-free while they stay inside the plan.
Tax-efficient withdrawals
Educational assistance payments are generally taxed in the student's hands — usually at a very low tax rate.
Flexible contributions
Parents, grandparents, relatives and friends can all contribute toward a child's education.
Wide range of programs
Funds can be used for university, college, trade schools, apprenticeships and many other qualifying programs.
Generous lifetime limits
Contribute up to $50,000 per child and receive up to $7,200 in CESG grants.
Who it's for
Parents, grandparents and family saving for a child's education.
Grant rates and contribution limits are set by the Government of Canada and can change year to year — we'll confirm the current figures with you.
Not sure which account fits? See all Investments & Savings.Explore other coverage
Common questions
What makes your service different? +
One dedicated advisor handles your file end-to-end — comparing insurers, preparing the paperwork, explaining it in your language, and staying reachable on WhatsApp. No call-centre, no runaround.
How fast can I get a quote? +
Send us your details through the quote form or on WhatsApp and an advisor typically replies the same business day. Tight visa deadline? Tell us and we'll prioritize it.
Can I pay monthly instead of all at once? +
Many Super Visa and visitor policies offer monthly payment options. We'll show you which insurers allow it and what it costs so you can choose what fits your budget.
Ready to protect the people you love?
Message us on WhatsApp or call — a real advisor answers, no obligation.