Registered Education Plan (RESP) in Canada
Give your children the gift of education. Save for their future and get free money from the government.
What is an RESP?
A Registered Education Savings Plan (RESP) is a government-registered account designed to help Canadian families save for their children's post-secondary education. The incredible part? The government matches 20% of your contributions through the Canada Education Savings Grant (CESG), up to $500/year per child.
That's literally free money for your child's education. Contribute $2,500/year and the government adds $500—every single year. Over 18 years, that's $7,200 in free grants per child. Plus, all investment growth inside the RESP is tax-deferred until your child withdraws it for school.
When your child attends college or university, they withdraw from the RESP to pay for tuition, books, and living expenses. Since students typically have little income, they pay minimal or no tax on the withdrawals. It's one of the smartest investments you can make in your child's future.
Why You Need an RESP
Fund Your Child's Education
Give your children the opportunity to pursue higher education without graduating with crushing student debt.
Free Government Grants
Get 20% matching on contributions up to $2,500/year—that's $500/year in free money per child ($7,200 lifetime).
Tax-Deferred Growth
Investments inside the RESP grow tax-deferred, maximizing your savings over 18+ years of contributions.
Flexible Withdrawals
Your child can use RESP funds for university, college, trade schools, or even some international education programs.
Low-Tax Withdrawals
Students typically pay little to no tax on RESP withdrawals since they're in the lowest tax bracket.
Additional Grants for Lower-Income Families
Eligible families can receive extra grants: Canada Learning Bond (up to $2,000) and additional CESG.
Is an RESP Right For You?
Getting Started is Easy
Open an RESP
I'll help you open an RESP for your child (or grandchild). You'll need their Social Insurance Number.
Make Contributions
Contribute up to $2,500/year to maximize the 20% government grant ($500/year). Lifetime contribution limit is $50,000/child.
Choose Investments
Invest in mutual funds, ETFs, GICs, or stocks based on your risk tolerance and your child's age.
Withdraw for Education
When your child enrolls in post-secondary education, withdraw funds to pay for tuition, books, and living expenses.
Real Results for Canadians Like You
"We started our daughter's RESP when she was born. By the time she went to university, we had $60,000 saved—including $7,200 in free government grants. She graduated debt-free."
Karen & Tom S.
Parents
"John helped me set up RESPs for all three of my kids. The government grants alone added over $20,000 to their education funds. It's amazing."
Michelle R.
Mother of Three
Start Early—Every Year Counts
The earlier you start an RESP, the more government grants you receive and the more time your investments have to grow. If you wait until your child is 10, you've already missed out on $5,000 in free grants and years of compound growth. Tuition costs are rising every year—starting today ensures your child has the resources they need to succeed. Don't let your child graduate with $50,000 in debt when you could be saving now.
100% No Pressure Guarantee
I believe in building relationships, not making quick sales. Your free consultation comes with zero obligation. We'll discuss your needs, explore your options, and you decide if it's right for you. No pressure. No hassle. Just honest advice from someone who genuinely cares about your financial wellbeing.
Quick Summary
Starting From
Contribute $2,500/year to max grants
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LLQP Certified Professional
John holds the Life License Qualification Program (LLQP) certification and has over 5 years of experience helping Canadians make informed financial decisions.