A Registered Education Savings Plan (RESP) is a special savings account for parents who want to save for their child’s post-secondary education. The federal government can add to your savings with education grants based on family net income and contribution.

Plus, your savings grow tax-deferred until withdrawn. When the student withdraws the investment income and grants for educational purposes, the withdrawals are taxed in the student’s hands, typically at a lower rate.

We can help you personalize an investment portfolio based on your financial security goals, your tolerance to risk and your timeline for realizing your goals. Contact us today to take a closer look at your investment portfolio and find out how RESPs could be part of your financial plan for your children’s post secondary education.