Saving for College or University

Start saving for your child’s education with an RESP—and get free grant money, too. Book a meeting with us today to start setting your child up for succcess.


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What is an RESP?


A Registered Education Savings Plan (RESP) is an education investment plan that allows you to accumulate money in an investment portfolio for a child’s post-secondary education. You can place your RESP investment in mutual funds, GICs, and more.

An RESP offers flexibility. Your education savings can be used towards tuition, textbooks, and living expenses at a qualified post-secondary institution, in programs such as trade school, an apprenticeship, college, or university. There’s also consideration given when the beneficiary chooses not to continue their education after high school.

You can invest in mutual funds, GICs, and more within your RESP.
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You can access government grants when you have an RESP.

Contributing to an RESP is an excellent way to save for post-secondary education and allows you to access government funding such as Canada Education Savings Grant or the Canada Learning Bond.

There are contribution limits and government regulations for RESPs.

Parents and grandparents want the best for their children’s future; however, this takes long-term planning and preparation. It’s important to learn about the government’s regulations and contribution limits that apply to this type of savings plan. Learn more about these on the Canada Revenue Agency Website.
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Pre-authorized payments to your RESP make it so much easier to save. Contribute every month and watch your savings add up!

How much money do you need to save for your child's education?

Use this interactive education savings calculator to help determine your savings needs see how your money can add up, so you are prepared to set your child up for success.

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RESP Calculator

Education Savings

The costs of a post-secondary education can really add up. Use this tool to see how your savings will grow if you start investing for your child's future now.

Education Savings Calculator

Ready to start saving for your child's future?

Meet with a member of our Wealth and Investment Team for investing advice with values at the core. We can help with your education savings plan today. Schedule a meeting with us to get started!


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