63C.jpg
63C.jpg

RESP (Registered Education Savings Plan)

$0.00

Save Smarter for Your Child’s Future

Post-secondary education isn’t getting cheaper. The RESP is still the most efficient, government-supported way to fund it—period.

An RESP allows parents, grandparents, and loved ones to invest for a child’s education while receiving government grants of at least 20%, with additional incentives available depending on income and province.

If education is the goal, RESP is the vehicle.

Save Smarter for Your Child’s Future

Post-secondary education isn’t getting cheaper. The RESP is still the most efficient, government-supported way to fund it—period.

An RESP allows parents, grandparents, and loved ones to invest for a child’s education while receiving government grants of at least 20%, with additional incentives available depending on income and province.

If education is the goal, RESP is the vehicle.

  • What is an RESP?
    A tax-advantaged education savings plan designed to help families pay for post-secondary education, supported by federal and provincial grants.

    Who can open one?
    Parents, grandparents, guardians, and even family friends.

    How long does it last?

    • Contributions: up to 31 years

    • Plan lifespan: up to 35 years

    Why it works:
    Government grants + tax-deferred growth = faster compounding with less effort.

    • Subscriber – The person who opens and controls the plan

    • Beneficiary – The child who will use the funds for education

    • Contributor – Anyone adding money to the plan

    Control stays with the subscriber. Flexibility stays with the family.

  • Individual RESP

    Best for flexibility.

    • One beneficiary

    • Subscriber does not need to be related

    • Beneficiary can be changed if plans change

    Family RESP

    Best for households with multiple children.

    • Multiple beneficiaries

    • Must be related by blood or adoption

    • All beneficiaries must be siblings

    • Beneficiaries must be named before age 21

    Strategic takeaway:
    Individual plans = precision.
    Family plans = efficiency.

    • Grants apply to the first $2,500 per year

    • Catch-up grants allow up to $5,000 per year

    • No annual contribution limit

    • Lifetime limit: $50,000 per beneficiary

    • Contributions are not tax-deductible

    • Withdrawals are tax-efficient when used for education

    This is one of the few places where the government actually helps you build wealth.

 

My Education+ RESP Solution

More Savings. More Flexibility. More Control.

My Education+ is designed for families who want freedom—not rigid contracts.

Key Features:

  • Individual or family plans

  • Voluntary contributions (your pace, your rules)

  • Access to high-interest savings

  • Broad selection of segregated funds

  • No plan fees (investment management fees apply)

Best for:
Families who want customization without complexity.

Explore My Education+ Options
 

  • Borrowing to contribute can help maximize unused grants when timed correctly.

    Why consider it?

    • Capture missed government grants

    • Increase contributions without disrupting cash flow

    • No credit check required

    • Flexible repayment options

    Important:
    This is a strategic tool—not for everyone. Suitability matters.

Discuss RESP Grant Maximization
 

Education planning isn’t about guessing—it’s about structuring.

Whether you’re starting early, starting late, or optimizing what you already have, the right RESP strategy makes a measurable difference.

Book an RESP Strategy Session