Skip to content

Mortgage Free

The gift of education

For many people, it’s a dream to help their children and grandchildren pay for their post-secondary education. With your additional cash flow, you can start thinking about how you can help.

  • Anyone can contribute to an individual Registered Education Savings Plan (RESP) to benefit a child.
  • A child can be the beneficiary of more than one RESP, subject to maximum contribution limits.
  • RESP contributions make great gifts
  • It’s beneficial to start saving early to take advantage of government incentives

If the child doesn’t go on to post-secondary education, there are number of other options for the money that has been saved.

You may be eligible for government incentives that can add up to $500 or more annually per beneficiary

 

Registered Education Savings Plan

An RESP can help you save for a child’s post-secondary education.

Learn More