Registered Education Savings Plan

RESP (Registered Education Savings Plan) allows you to save for your children’s future post secondary education expenses.
It is a tax sheltered investment that allows your investment to grow on a tax free basis until funds are withdrawn.
You may contribute a lifetime maximum of $50,000 per beneficiary. The federal government will contribute an additional 20% on the first $2,500 of your annual contributions.
Your contribution may qualify for one or more Federal Government Grants that are presently available.  We offer several investment choices for your child’s RESP.

For more information, on RESP’s, please go to the following websites and follow the links:

Human Resources and Social Development Canada

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/menu-eng.html

Information on the Enhanced Universal Child Care Benefit

Government of Canada Letter - June 2018