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Registered Education Savings Plan (RESP)

Build up a tax-sheltered fund to finance a child’s post-secondary education. A registered education savings plan (RESP) is the ideal financial vehicle to meet the job market’s education requirements and help you defray mounting education costs.

Who Should Consider an RESP?

Features and Advantages

Products Available

Who Should Consider an RESP?

Any person who is concerned about the future of a beneficiary (generally a child).

Features and Advantages

You may designate a child, grandchild, nephew, niece, etc. as the beneficiary of an individual plan. There is no restriction on the relationship between the child and you.

For family plans, the beneficiaries must be related to the subscriber by blood or adoption.

In addition:

You are eligible for a government grant of up to $7,200, or 20% of your annual contributions to the plan (up to a maximum of $400 per year).

The beneficiary obtains an income tax deferral on his or her investment income.

You may change the plan beneficiary.

Your protection against financial market fluctuations may attain and even exceed 100% of the capital invested.

We pay you an education bonus of up to 15% of the total monthly contributions paid into the Diploma RESP. The bonus varies according to the beneficiary’s age at the time of enrolment.

Products Available

You may enrol in an individual RESP (Diploma or My Education) or family plan (My Education) by choosing either of the following products:

Investment Vehicle:
Diploma Investment Fund.

My Education
Investment Vehicles: Range of
Ecoflex Investment Funds Ecoflex and
Guaranteed Interest Funds.




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