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Registered Education Savings Plan (RESP)

From modest beginnings to ambitious goals, Watch your savings flourish tax-free.


Registered Education Savings Plan

What is a Registered Education Savings Plan (RESP) ?

RESP is a tax-sheltered investment account designed to help parents save for their child’s post-secondary education. The Canadian government also contributes money into your RESP account which is in the form of grants to help your investment grow.

3 easy steps to maximize your children RESP:

Set up your RESP Account: A quick process requiring social insurance numbers (SINs) for you and your child, plus government-issued ID.

Contribute and grow: Determine your contribution plan, and watch your RESP fund flourish with additional  government grants

Utilize your funds: When the time is right for your children to use the saved money for their post-secondary education. They have access to your RESP funds.

Registered Education Savings Plan (RESP)

Benefits of RESP

  • Flexible Contribution Options: We offer a range of contribution options to suit your budget and financial goals.
  • Tax Benefits: Contributions and withdraw made from the RESP are not taxed, allowing your savings to grow faster.
  • Government Grants: Take advantage of government grants such as the Canada Education Savings Grant (CESG), and Canada Learning Bond (CLB) which can significantly boost your savings.
  • Contribution Limit: $50,000 is the maximum contribution limit per child up to 31 years.

Financial Institutions we work with

3 Steps for Successful Financial Planning


Gather Information

Our financial planner will work with you to create an overview of your present financial situation. These include short term debt, income protection, children education, and estate planning. We present the information we gathered from you in an understandable illustrated format.


Develop Success Blueprint

We would identify ways to reduce the amount you pay in taxes. We would recommend the best savings plan and tax-advantage account based on current financial need.


Implement Your Plan

After completing your need analyses we will present you with your personalized wealth-building strategies that meet both your short, and long-term financial goals. Once you review and approve the recommended plan, it will be implemented.

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