Registered plan
Education Savings Plan (RESP)
Invest in your child’s future, whether they’re dreaming of college, university, or another post-secondary path.
Ways to save and invest with an RESP
An RESP offers steady, long-term growth options: term deposits (GICs), mutual funds, stocks, and more. We’ll help you build a portfolio that fits your goals.
Advantages of an RESP
Grow your child’s education fund tax-free and receive matching government grants to boost your savings.
Tax-free growth
Your contributions grow tax-free inside the RESP, helping your savings stretch further.
Government match
Contribute to your RESP and get up to $500 per year in grants (up to $7,200 in total per child).
Access additional grants
Families with lower incomes may also qualify for the Canada Learning Bond.
Everyone can contribute
Grandparents, relatives, or even close friends can open an RESP in your child’s name.
Pay less tax
Withdrawals are taxed at your child’s tax rate, which is likely lower than your own.
Backup plan
If your child doesn’t pursue post-secondary education, you still have flexible options.
RESP contribution limits
Invest steadily and watch your child’s education fund flourish.
$50,000
This lifetime RESP limit applies to all contributions made for a child regardless of how many accounts are opened or who contributes (parents, grandparents, relatives, or even friends).
35 years
You can contribute to an RESP for up to 31 years, and the plan can remain open for a maximum of 35 years.
Ready to invest in your child’s education? Book an appointment to get started.
Eligibility, contribution limits, and tax rules are set by the Government of Canada and may change at any time. You are responsible for ensuring compliance with current rules. For advice specific to your situation, consult a qualified financial advisor or the Canada Revenue Agency (CRA).
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
Unless otherwise stated, mutual funds, other securities, and cash balances are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer that insures deposits in credit unions.
