What is an RESP?
A Registered Education Savings Plan is designed to help parents, grandparents, and family members save for a child’s post-secondary education. Contributions are not tax-deductible, but investment growth can compound inside the account.
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Request Financial GuidanceWhy grants matter
RESPs may qualify for government education savings incentives. Planning early can help families use available grant room and give the account more time to grow.
Planning questions
- Who should be the subscriber?
- How much can the family contribute consistently?
- How should the account be invested as school gets closer?
- How will withdrawals be coordinated when the child begins school?
RESPs are part of broader TFSA, insurance, and family legacy planning conversations.