Registered Educational Savings Plan (RESP)

A Registered Education Savings Plan (RESP) is a government supported, tax-deferred savings plan to help save money for a child’s post-secondary education. Income earned within the plan is not taxed until it is withdrawn.

Advantages of an RESP

• The Government of Canada offers the Canada Education Savings Grant and the Canada Learning Bond as additional funding
• Income earned within the plan is tax-sheltered until withdrawn
• An RESP provides long-term planning for a child to attend a post-secondary institution
• Contributions belong to the subscriber and can easily be withdrawn once the beneficiary is eligible to receive Educational Assistance Payments (EAPs)

RESP Investment Options

You can choose from a number of different investments for your RESP, including:

• High interest savings accounts
• GICs
• Mutual funds

Still have questions? Visit our RESP Frequently Asked Questions page.

For peace of mind in planning for your family’s future, visit or call us at SASCU Wealth.

Mutual funds and other securities are offered through Qtrade Advisor, a division of Qtrade Securities Inc., member IIROC and CIPF. Mutual funds are also offered through Qtrade Asset Management Inc., member MFDA.