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The Registered Education Savings Plan (RESP) is available for all Canadian residents for beneficiaries who are residents of Canada. Open one and the government will also contribute if you are eligible. Maximize your grants, grow your child’s money tax-deferred, and get the best return here!

Compare Registered Education Savings Plans (RESPs) to get the most out of them

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Take advantage of the benefits offered by the RESP

The Registered Education Savings Plan (RESP) is a savings vehicle for your child that offers significant benefits.

Savings for post-highschool education

Secure your children’s educational future with progressive and safe savings in the amount of your choice.

Government grants

The government offers CESG, CLB, and QESI grants to enhance your child’s plan.

Tax-deferred growth and returns

Invest your child’s RESP funds to generate tax-deferred returns.

Flexibility when withdrawing funds

Depending on your child’s educational path, various withdrawal strategies and options are available to you.

Ensuring your children's educational future is our priority!

At RESP Canada, we believe that providing equal opportunities to all children who wish to pursue post-secondary education is essential. Since the RESP is available to all Canadian residents for beneficiaries who are residents of Canada without exception, participation is possible even with low incomes. The lower your income, the more generous the grants can be. Learn about the available grants by speaking with one of our partner advisors.

What is an RESP?

The Registered Education Savings Plan is a savings vehicle that allows you to accumulate tax-free money for your children’s post-highschool education.

The government understands that college and university education can be expensive. That’s why it allows families to save money and grow it by generating tax-free returns.

Additionally, the government contributes by offering extra grants that enhance your child’s RESP. It’s literally a gift from the government!

What is an RESP?

The Registered Education Savings Plan is a savings vehicle that allows you to accumulate tax-deferred money for your children’s post-highschool education.

The government understands that college and university education can be expensive. That’s why it allows families to save money and grow it by generating tax-deferred returns.

Additionally, the government can ontribute by offering extra grants that enhance your child’s RESP. It’s literally a gift from the government!

What is an RESP used for?

The RESP is designed to help you gradually save money to cover your children’s post-highschool education expenses.

Indeed, college and university tuition fees can be very expensive. By opening an RESP and starting to contribute while your child is in elementary or high school, you are helping to prepare for their future success.

The funds in an RESP can be used to pay for various types of post-secondary education (vocational programs, college diplomas, certifications, bachelor’s degrees, etc.). If your child does not pursue further studies, don’t worry. The funds can be withdrawn and redistributed through various strategies. Our partner advisors can discuss the available options with you.

The grants offered

When you open an RESP, the government also wants to contribute to your child’s success and offers several grants.

Canada Education Savings Grant (CESG)

The CESG offers you up to 20% in grants on your first $2,500 in contributions, which amounts to $500 per year.

Canada Learning Bond (CLB)

The CLB is offered to low-income families and consists of a $500 grant in the first year, followed by $100 for additional years.

Quebec Education Savings Incentive (QESI)

The QESI provides up to 10% in grants on the first $2,500 in contributions, which amounts to $250 per year.

Families who benefited from the RESP

I opened an RESP as soon as my first child was born. I contributed a little each year until they turned 18. When they started college, they had over $48,000 available, including my contributions, the grants, etc. They still thank me to this day for contributing!

Sylvie Huot

I had no idea how generous the government grants were for the RESP. I started contributing for my family, and I receive hundreds of dollars from the government every year. It adds up so quickly! I’m so happy to be able to offer this to my daughter for her future!

Charlène Dubreuil