RRSPs
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RESPs
Savings Bonds
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RESPs

Post-secondary education is a big-ticket item that is increasingly beyond the reach of many families. The Registered Education Savings Plan is a special savings account to help you fund your child’s post-secondary education.

Although RESP contributions are not tax deductible, capital gains and income earned on your contributions grow tax-deferred until eventually withdrawn to pay education expenses. At that point, accumulated earnings are taxed at the student’s typically low tax rate.

Another important feature is the federal government’s Canada Education Savings Grant program. The grant pays 20% of the first $2000 in annual RESP contributions to the plan, up to a lifetime limit of $7,200 per child.

RESPs can hold cash, term deposits, mutual funds or other securities, and there is no foreign content limit.



Mutual Funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently, and past performance may not be repeated.