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Help a child succeed by planning for their education after high school. Open a Registered Education Savings Plan (RESP) and the Government of Canada can help you save for a child’s post-secondary education.
You can make contributions into a Registered Education Savings Plan (RESP) until 31 years after it was first opened. You would then have until the end of the 35th year after the plan was first opened to use the funds before the RESP expires (or up to 40 years for a specified plan).
- Line 21900 – Moving expenses. Find out if you can claim a deduction for moving expenses paid to study in a post-secondary program and how to calculate and claim them.
- Line 25600 – Additional deductions: Adult basic education tuition assistance. Find out if you can claim a deduction for your adult basic education, whether primary or secondary level education, or certain other forms of training.
- Line 31900 – Interest paid on your student loans. Find out if you can claim the interest paid on your student loans for post-secondary education and how to claim it.
- Line 32300 – Your tuition, education and textbook amounts. Find out about eligible fees, education and textbook amounts, and how to claim and carry forward these amounts.
Dec 19, 2023 · Opening a Registered Education Savings Plan (RESP) allows you to grow your savings for your child’s education with the help of bonuses and grants from the federal and provincial governments. Here’s how RESPs work and why they’re a good idea.
Do you have questions about RESPs? We have answers. What is an RESP? A Registered Education Savings Plan (RESP) is a savings account registered with the Government of Canada, where: You can contribute up to a $50,000 lifetime limit per beneficiary
Oct 23, 2024 · Individual or non-family RESP. Anyone can become a subscriber by setting up an individual RESP for a single beneficiary. Eligible beneficiaries can receive Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB).
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A Registered Education Savings Plan (RESP) helps you save for your child’s post-secondary education. Learn what`s an RESP and how it works.