RESPs

RESPs help you plan for your child’s education. These education savings plans are a Government of Canada initiative to help parents, grandparents, relatives or friends to fund a child’s post-secondary education.

Funds deposited in Registered Education Savings Plans grow tax free until they are withdrawn. And with the Canada Education Savings Grant program, For every $100 contributed to an RESP, The Government of Canada contributes $20, up to a maximum of $400 a year for each child you are saving for.

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