RESP Education Savings

Registered Education Savings Plan

Secure Your Child’s Post-Secondary Future with 20% in Guaranteed Grants.

A Registered Education Savings Plan (RESP) is a tax-sheltered investment account purpose-built by the Canadian government to help families fund post-secondary education debt-free.

With tuition and living costs climbing across Canada, an RESP delivers an unmatched financial advantage: the federal government adds a 20% match on your annual contributions through the Canada Education Savings Grant (CESG), up to $7,200 per child. Combined with tax-sheltered investment growth, an early start ensures your children graduate ready to build their careers without student debt holding them back.

Up to $7,200 in CESG Grants

The federal government automatically matches 20% on the first $2,500 contributed annually, depositing up to $500 of free money per child every year.

Tax-Sheltered Compounding

All investment earnings and government grants compound completely tax-free inside the RESP until your child begins their post-secondary studies.

Universal Program Flexibility

Eligible for Canadian and global universities, community colleges, vocational trade schools, CEGEPs, and recognized apprentice trade programs.

Zero-Tax Student Withdrawals

When withdrawn as Educational Assistance Payments (EAPs), funds are taxed in the student’s bracket, resulting in virtually zero taxes owed.

“An RESP is the only investment where the Canadian government gives you an instant 20% guaranteed return on your contributions. Starting early means your child can focus on their passions and career, rather than student debt.”
- Ritu Verma, Licensed Financial & Insurance Advisor · NestSure Insurance Services
Account Options

Three Tailored RESP Structures for Every Family Dynamic

From single-child accounts to pooled multi-child family plans, we select the structure that protects your grants and accommodates future changes.

Individual Non-Family RESP

Dedicated Single-Child Plan
01 POPULAR

Dedicated specifically to one designated beneficiary. Can be opened by parents, grandparents, godparents, or family friends with no biological relation requirement. Simple, clean, and easily managed.

Any Subscriber Can Open Full $7,200 CESG Eligibility Zero Relation Restriction 35-Year Plan Life
Request Individual Plan

Family Multi-Child Plan

Pooled Siblings Flexibility
02 MULTI-CHILD

Allows parents or grandparents to pool multiple siblings under one umbrella account. If one child chooses a shorter academic track or trade, accumulated earnings and grants can be shared with siblings.

Grant Sharing Between Siblings Consolidated Portfolio Admin Age-Tiered Asset Allocation Maximum Educational Versatility
Explore Family Plan

Guaranteed Capital Segregated RESP

Market Upside with Downside Defense
03 CAPITAL SHIELD

Combines the 20% federal CESG grant with institutional principal protection guarantees. Protects your child’s university fund against sudden market crashes right as they enter high school and near enrollment.

Principal Maturity Guarantees Full 20% CESG Grant Capture Pre-Enrollment Downside Shield Institutional Money Management
Consult on Guaranteed Plan
Our Process

How We Maximize Your Child's Education Fund

A structured, easy-to-follow pathway from initial grant setup to debt-free college graduation.

STEP 01

SIN & Grant Audit

We verify your child’s Social Insurance Number and calculate available CESG, Canada Learning Bond (CLB), and provincial grant room.

STEP 02

Plan Structure & Portfolio

We recommend Individual vs. Family structures and build a target-date investment portfolio that automatically derisks as graduation approaches.

STEP 03

Automated Grant Capture

We set up easy monthly contributions (e.g. $208.33/mo) so you automatically unlock the maximum $500 annual government match without stress.

STEP 04

Tax-Free EAP Withdrawal Care

When your child enters college or university, we coordinate Educational Assistance Payments (EAPs) to minimize tax and optimize financial aid.

Premier Canadian Financial & Investment Partners

We partner with Canada's top financial institutions to deliver diversified portfolios with competitive returns.

Canada Life Sun Life Manulife Empire Life iA Financial Beneva Equitable Life Desjardins
Child Education Planning

Let's Secure Every Dollar of Government Grants for Your Child.

Whether your child is a newborn or already starting high school, we help you set up an optimized RESP to capture the full 20% federal match with zero hassle.

  • Free eligibility audit for CESG & Canada Learning Bond (CLB)
  • Individual vs. Family multi-child plan recommendation
  • Independent screening across Canada's leading financial institutions
Need personalized guidance? Contact Ritu today! Call: +1 (368) 997-2511

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• QUESTIONS & ANSWERS

RESP & Grants FAQ

Licensed financial advisor ready to answer RESP and education grant questions

Have an RESP Question?

We explain CESG grant matching, qualifying programs, and tax-smart withdrawal strategies in plain English.

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How much will the Canadian government contribute to my child's RESP?

Under the Canada Education Savings Grant (CESG), the government contributes 20% on your first $2,500 contributed annually per beneficiary-delivering up to $500 per year in free money, up to a lifetime ceiling of $7,200 per child. Lower and middle-income families may also qualify for an additional 10% to 20% on the first $500 contributed, plus the Canada Learning Bond (CLB), which provides up to $2,000 in free grants without requiring any personal contribution.

What happens if my child decides not to attend college or university?

You have extensive flexibility. First, RESP accounts can remain open for up to 35 years, giving your child plenty of time to pursue education later. Second, in a Family Plan, grants and earnings can be redirected to another sibling. Third, your original personal contributions can be withdrawn completely tax-free. Finally, up to $50,000 of accumulated investment income can be rolled over tax-deferred into your own RRSP, provided you have contribution room.

Can grandparents, aunts, or friends open or contribute to an RESP?

Yes. Any Canadian resident can open an Individual RESP for a child-including grandparents, aunts, uncles, or family friends-provided they have the child's Social Insurance Number (SIN). Grandparents can also open Family Plans for their grandchildren. If parents already have an account, relatives can coordinate contributions to ensure the family captures the full $500 annual CESG grant without exceeding the lifetime $50,000 contribution limit.

How are RESP withdrawals taxed when my child begins post-secondary school?

RESP withdrawals are divided into two parts: (1) Post-Secondary Educational Capital (PSE), which represents your original contributions and is returned 100% tax-free, and (2) Educational Assistance Payments (EAPs), which include government grants and accumulated investment growth. EAPs are taxed in the student's hands. Because most full-time students have low income and utilize tuition tax credits, they typically pay $0 in taxes on their withdrawals.

What post-secondary programs qualify for RESP EAP funding?

Qualifying institutions are broad: eligible programs include full-time and part-time studies at Canadian universities, community colleges, CEGEPs, technical trade institutes, career colleges, and recognized apprentice trade programs. In addition, many accredited international universities and degree programs abroad (in the USA, UK, India, and worldwide) qualify for full EAP funding upon proof of enrollment.

A debt-free future starts with
an early conversation.

Tell Ritu your children's ages and education dreams. She will map out your optimal grant capture strategy with clarity and care.

Book a Free RESP Review