Registered Education Savings Plan (RESP)

An RESP is an education savings plan which allows you to accumulate funds for the post-secondary education of a designated beneficiary. And with the added benefit of government incentives such as grants and bonds, your savings will grow even faster. University, college, technical school, trade school and apprenticeship programs all qualify provided the course of study is a minimum of three consecutive weeks in length.

As the contributor, you may deposit up to a lifetime maximum of $50,000.