Registered Education Savings Plans (RESPs)
A Registered Education Saving Plan is a government approved plan for the purpose of providing post-secondary education funding for a beneficiary. Income earned within the plan is not taxed until it is withdrawn.
For more information on our RESPs, please contact us and our knowledgeable staff will be happy to help.
Helpful Resources
British Columbia Training & Education Savings Grant Information
Canada Education Savings Grant (CESG)
Get All the Education Savings Grants You Deserve
Federal and provincial education savings grants can add potentially thousands of dollars to your RESP. We want to help ensure you get all the government incentives you’re entitled to, which may include:
| Program | Annual Benefit | Maximum Lifetime Benefit | Eligibility Requirements | Apply |
|---|---|---|---|---|
| Canada Education Savings Grant (CESG) | 20% on the first $2,500 contributed each year to a maximum of $500 per child per year | $7,200 per child (including additional CESG) | Any children under the age of 18 who are Canadian residents; must have a SIN | Download Application Form |
| Additional CESG | An additional 10% or 20% on the first $500 contributed (i.e., up to $50 or $100) per child per year | N/A | Based on income level; indexed annually | Download Application Form |
| Canada Learning Bond (CLB) | An initial grant of $500 plus $100 per year until age 15 | $2,000 | Based on the number of qualified children and the adjusted income of the primary caregiver | Download Application Form |
| Quebec Education Savings Incentive (QESI) | 10% on the first $2,500 contributed each year to a maximum of $250 per child per year | $3,600 (including additional QESI) | Quebec residents only | Download Application Form |
| Additional QESI | An additional 5% or 10% on the first $500 contributed each year (i.e., up to $25 or $50) per child per year | N/A | Based on income level; indexed annually (Quebec residents only) | Download Application Form |
| British Columbia Training and Education Savings Grant (BCTESG) | A one-time contribution of $1,200 | $1,200 | Children born in 2006 or later who are ages 6 to the day before they turn 9 | Download Application Form |