RESP - Registered
Savings Plans

What are RESPs?

RESPs are to education what RRSPs are for retirement. They let you put money aside for your child’s post-secondary education. In this way, you give your child the greatest gift: an opportunity to achieve a dream career.

How do RESPs work?

1. Contribute

You begin to save early by contributing to your child’s Registered Education Savings Plan (RESP) and benefiting from generous government grants.

2. Accrue

Together, your regular contributions and government grants generate returns. Your Registered Education Savings Plan (RESP) grows tax-free.

3. Reap

You get your contributions back to fund your child’s education. Your child receives the grants and the total return from the Registered Education Savings Plan (RESP).

The main advantages of an RESP

  • Accrue more thanks to government grants
  • Recover the money you invest at a pace that suits you
  • No loss if your child does not go on to post-secondary education
  • Opening an RESP 100% online

Do the maths!

With our calculator, find out in 3 clicks how much you will have saved for your child's education.


Our education-savings product

More savings. More flexibility. More possibilities.

Flexible contributions and investment choices to help your savings grow.

Available plans


Blood relationship or adoption with the child is not required.


  • Possibility of designating more than one child to the plan.
  • Blood relationship or adoption is required.

Choice of investments

Depending on your investor profile and financial goals, you can invest in a range of attractive investments :

  • Segregated funds
  • High-interest savings account with a 100% capital guarantee

Have you considered an RESP loan to maximize your grants?

Find out how borrowing to contribute more to your child’s Registered Education Savings Plan (RESP) can be a simple solution that pays off.

Find out more about the RESP loan

Invested in your future!

Because half our new clients are newcomers to Canada, we understand your unique needs and challenges when starting a new life here. Discover our insurance and savings brochures, available in Chinese and Punjabi.

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