A Registered Education Savings Plan (RESP) is a special savings account designed to help you save for your child’s post-secondary education. Contributions grow tax-deferred, and the government supports your savings through programs like the Canada Education Savings Grant (CESG), which adds 20% on the first $2,500 contributed each year—up to $500 annually. When the funds are withdrawn for education, the student typically pays little to no tax, making RESP a smart, tax-efficient way to plan for future education costs.
Best time to protect yourself & your loved ones was yesterday. 90% of Our Clients Come From Satisfied Referrals.
