Personal Products & Services > Investments > RESP

An RESP is a Registered Education Savings Plan, which is a government approved savings plan for post-secondary education for a beneficiary. Income earned within the plan is not taxed until it is withdrawn.

With increasing costs of higher education, investing in an RESP will give you and your family more financial freedom when making the choices that will affect their future. By starting today, you can grow your education funds by making affordable, convenient monthly deposits.

Planning today for tomorrow is the smart way to realize your family’s education goals.

Advantages of an RESP

• The Canada Education Savings Grant (CESG) provides additional education funding.
• Income earned within the plan is tax-sheltered until withdrawn.
• An RESP provides long-term planning for a beneficiary to attend a post-secondary institution.
• Contributions belong to the subscriber and can be withdrawn without consequence once the beneficiary is EAP eligible.

Ask one of our knowledgeable staff for current RESP contribution limits.

Resource Information – get a copy of these detailed product brochures at any branch

Planning For the Future – RESP
Understanding an RESP – Your Guide for Saving for Post-Secondary Education

Visit, call any of our 3 branches or email one of our knowledgeable staff for more information.