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The Registered Education Savings Plan (RESP) is a long-term savings plan to help people save for a child's education after high school, including trade schools, CEGEPs, colleges, universities, and apprenticeship programs. An adult can also open an RESP for themselves.
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.
1. What is a Registered Education Savings Plan (RESP)? An education savings plan (ESP) is a savings vehicle generally used by parents to save for their children's post-secondary education. More precisely, it is an arrangement between the subscriber, who can be either of: 1) an individual. 2) an individual and their spouse or common-law partner, or.
Jun 28, 2020 · A registered education savings plan (RESP) is a registered investment account designed for parents who want to save money to fund their children’s education.
Jul 31, 2018 · The new owner of RESP dealer Heritage Education says the company has ‘strong governance and management’ and that consumers who complained are a tiny fraction of its customer base.
We provide a CST Spark Education Portfolio that suits your needs. Your investment mix automatically adjusts as your child ages, focusing on targeting growth early on and preserving gains closer to graduation. We invest with one goal in mind—that you can help pay for their education.
While Registered Education Savings Plans (RESPs) are a popular way to set aside money for your child’s or grandchild’s education, there are other ways to save money for school, such as a non-registered account or a TFSA.
